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

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