XAU Trading Outlook (17-02-2016)

SPI 200‏ (ASX)‏ (H6) Intraday: the upside prevails.

Pivot: 4835

Our preference: long positions above 4835 with targets @ 4900 & 4930 in extension.

Alternative scenario: below 4835 look for further downside with 4790 & 4740 as targets.

Comment: the RSI is bullish and calls for further advance.

Supports and resistances:
4950
4930
4900
4879 Last
4835
4790
4740

 

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