XAU Trading Outlook (29-04-2016)
Trade SPI 200 (ASX) (M6) Intraday: under pressure.
Pivot: 5233
Our preference: short positions below 5233 with targets @ 5168 & 5145 in extension.
Alternative scenario: above 5233 look for further upside with 5270 & 5300 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
5300
5270
5233
5195 Last
5168
5145
5111