XAU Trading Outlook (19-01-2016)
SPI 200 (ASX) (H6) Intraday: key resistance at 4815.
Pivot: 4815
Our preference: short positions below 4815 with targets @ 4750 & 4700 in extension.
Alternative scenario: above 4815 look for further upside with 4885 & 4945 as targets.
Comment: the index currently faces a challenging resistance area at 4815.
Supports and resistances:
4945
4885
4815
4807 Last
4750
4700
4650