XAU Trading Outlook (10-03-2016)
SPI 200 (ASX) (H6) Intraday: the upside prevails.
Pivot: 5125
Our preference: long positions above 5125 with targets @ 5200 & 5225 in extension.
Alternative scenario: below 5125 look for further downside with 5075 & 5040 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
5245
5225
5200
5169 Last
5125
5075
5040