XAU Trading Outlook (11-03-2016)
SPI 200 (ASX) (H6) Intraday: rebound expected.
Pivot: 5120
Our preference: long positions above 5120 with targets @ 5210 & 5245 in extension.
Alternative scenario: below 5120 look for further downside with 5075 & 5040 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
5300
5245
5210
5135 Last
5120
5075
5040