XAU Trading Outlook (22-03-2016)

Gold spot Intraday: the downside prevails.

Pivot: 1255.00

Our preference: short positions below 1255.00 with targets @ 1235.00 & 1225.00 in extension.

Alternative scenario: above 1255.00 look for further upside with 1266.00 & 1271.00 as targets.

Comment: the RSI is mixed with a bearish bias.

Supports and resistances:
1271.00
1266.00
1255.00
1243.19 Last
1235.00
1225.00
1215.00

Ticker : GOLDS
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