XAU Trading Outlook (30-03-2016)
SPI 200 (ASX) (M6) Intraday: the downside prevails.
Pivot: 5100
Our preference: short positions below 5100 with targets @ 4960 & 4940 in extension.
Alternative scenario: above 5100 look for further upside with 5145 & 5167 as targets.
Comment: the RSI is mixed with a bearish bias.
Supports and resistances:
5167
5145
5100
5013 Last
4960
4940
4900