XAU Trading Outlook (21-04-2016)
Trade SPI 200 (ASX) (M6) Intraday: further advance
Pivot: 5175
Our preference: long positions above 5175 with targets @ 5280 & 5325 in extension.
Alternative scenario: below 5175 look for further downside with 5145 & 5090 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
5410
5325
5280
5249 Last
5175
5145
5090