XAU Trading Outlook (01-04-2016)
SPI 200 (ASX) (M6) Intraday: caution
Pivot: 5030
Our preference: long positions above 5030 with targets @ 5100 & 5145 in extension.
Alternative scenario: below 5030 look for further downside with 4990 & 4960 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
5185
5145
5100
5051 Last
5030
4990
4960