XAU Trading Outlook (01-03-2016)
SPI 200 (ASX) (H6) Intraday: bullish bias above 4845.
Pivot: 4845
Our preference: long positions above 4845 with targets @ 4925 & 4970 in extension.
Alternative scenario: below 4845 look for further downside with 4800 & 4775 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
5010
4970
4925
4892 Last
4845
4800
4775