XAU Trading Outlook (19-10-2015)

GOLD

Pivot: 1184.5

Likely scenario: Short positions below 1184.5 with targets @ 1163 & 1158 in extension.

Alternative scenario: Above 1184.5 look for further upside with 1190 & 1196 as targets.

Comment: As long as 1184.5 is resistance, likely decline to 1163.

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