XAU Trading Outlook (28-04-2016)
Trade SPI 200 (ASX) (M6) Intraday: key resistance at 5233.
Pivot: 5233
Our preference: short positions below 5233 with targets @ 5145 & 5111 in extension.
Alternative scenario: above 5233 look for further upside with 5270 & 5300 as targets.
Comment: as long as 5233 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5300
5270
5233
5192 Last
5145
5111
5090