XAU Trading Outlook (09-03-2016)
SPI 200 (ASX) (H6) Intraday: consolidation.
Pivot: 5173
Our preference: short positions below 5173 with targets @ 5075 & 5040 in extension.
Alternative scenario: above 5173 look for further upside with 5200 & 5225 as targets.
Comment: the RSI is mixed to bearish.
Supports and resistances:
5225
5200
5173
5096 Last
5075
5040
5005