XAU Trading Outlook (09-10-2015)

GOLD

Pivot: 1154

Likely scenario: Short positions below 1154 with targets @ 1136 & 1130 in extension.

Alternative scenario: Above 1154 look for further upside with 1165 & 1170 as targets.

Comment: As long as 1154 is resistance, likely decline to 1136.

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