XAU Trading Outlook (23-12-2015)

SPI 200 (ASX)

Pivot: 5010

Our preference: long positions above 5010 with targets @ 5107 & 5130 in extension.

Alternative scenario: below 5010 look for further downside with 4960 & 4920 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
5160
5130
5107
5066 Last
5010
4960
4920

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