XAU Trading Outlook (22-04-2016)

Gold spot Intraday: turning down

Pivot: 1258.00

Our preference: short positions below 1258.00 with targets @ 1242.00 & 1235.50 in extension.

Alternative scenario: above 1258.00 look for further upside with 1270.50 & 1281.00 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:
1281.00
1270.50
1258.00
1248.64 Last
1242.00
1235.50
1227.50
 

Silver spot Intraday: turning down.

Pivot: 17.6600

Our preference: short positions below 17.6600 with targets @ 16.7100 & 16.4800 in extension.

Alternative scenario: above 17.6600 look for further upside with 18.0000 & 18.5000 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:
18.5000
18.0000
17.6600
17.0200 Last
16.7100
16.4800
16.1000