XAU Trading Outlook (23-03-2016)
SPI 200 (ASX) (M6) Intraday: consolidation.
Pivot: 5185
Our preference: short positions below 5185 with targets @ 5120 & 5085 in extension.
Alternative scenario: above 5185 look for further upside with 5214 & 5240 as targets.
Comment: as long as 5185 is resistance, likely decline to 5120.
Supports and resistances:
5240
5214
5185
5163 Last
5120
5085
5065