XAU Trading Outlook (15-12-2015)

 

GOLD

Pivot: 1065.5

Likely scenario: long positions above 1065.5 with targets @ 1077.5 & 1081.5 in extension.

Alternative scenario: below 1065.5 look for further downside with 1058 & 1052 as targets.

Comment: intraday technical indicators are mixed and call for caution.

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