XAU Trading Outlook (04-03-2016)
SPI 200 (ASX) (H6) Intraday: the upside prevails.
Pivot: 5000
Our preference: long positions above 5000 with targets @ 5085 & 5115 in extension.
Alternative scenario: below 5000 look for further downside with 4905 & 4845 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
5150
5115
5085
5075 Last
5000
4905
4845