XAU Trading Outlook (17-03-2016)
SPI 200 (ASX) (H6) Intraday: the upside prevails.
Pivot: 5104
Our preference: long positions above 5104 with targets @ 5190 & 5223 in extension.
Alternative scenario: below 5104 look for further downside with 5078 & 5040 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
5252
5223
5190
5162 Last
5104
5078
5040