XAU Trading Outlook (10-02-2016)
SPI 200 (ASX) (H6) Intraday: the downside prevails.
Pivot: 4800
Our preference: short positions below 4800 with targets @ 4700 & 4650 in extension.
Alternative scenario: above 4800 look for further upside with 4870 & 4930 as targets.
Comment: the RSI is mixed to bearish.
Supports and resistances:
4930
4870
4800
4738 Last
4700
4650
4600