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