XAU Trading Outlook (23-02-2016)

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

Pivot: 4965

Our preference: long positions above 4965 with targets @ 5023 & 5075 in extension.

Alternative scenario: below 4965 look for further downside with 4933 & 4890 as targets.

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

Supports and resistances:
5100
5075
5023
4993 Last
4965
4933
4890

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