XAU Trading Outlook (14-06-2016)

Gold spot Intraday: further upside.

Pivot: 1271.50

Our preference: long positions above 1271.50 with targets @ 1293.00 & 1303.00 in extension.

Alternative scenario: below 1271.50 look for further downside with 1257.00 & 1246.00 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1315.00 **
1303.00
1293.00
1285.00 Last
1271.50
1257.00
1246.00

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