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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