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

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