XAU Trading Outlook (14-03-2016)
SPI 200 (ASX) (H6) Intraday: further advance.
Pivot: 5120
Our preference: long positions above 5120 with targets @ 5230 & 5262 in extension.
Alternative scenario: below 5120 look for further downside with 5075 & 5040 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
5300
5262
5230
5205 Last
5120
5075
5040