XAU Trading Outlook (16-03-2016)
SPI 200 (ASX) (H6) Intraday: the downside prevails.
Pivot: 5190
Our preference: short positions below 5190 with targets @ 5075 & 5040 in extension.
Alternative scenario: above 5190 look for further upside with 5230 & 5262 as targets.
Comment: the RSI is around its neutrality area at 50%
Supports and resistances:
5262
5230
5190
5098 Last
5075
5040
5005