XAU Trading Outlook (07-03-2016)
SPI 200 (ASX) (H6) Intraday: the upside prevails.
Pivot: 5075
Our preference: long positions above 5075 with targets @ 5180 & 5200 in extension.
Alternative scenario: below 5075 look for further downside with 5040 & 5005 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
5225
5200
5180
5146 Last
5075
5040
5005