XAU Trading Outlook (24-02-2016)

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

Pivot: 4930

Our preference: short positions below 4930 with targets @ 4820 & 4775 in extension.

Alternative scenario: above 4930 look for further upside with 4970 & 5010 as targets.

Comment: the RSI is badly directed.

Supports and resistances:
5010
4970
4930
4865 Last
4820
4775
4730

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