XAU Trading Outlook (13-10-2015)

GOLD

Pivot: 1164

Likely scenario: Short positions below 1164 with targets @ 1145 & 1136 in extension.

Alternative scenario: Above 1164 look for further upside with 1169 & 1177 as targets.

Comment: As long as 1164 is resistance, likely decline to 1145.

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