XAU Trading Outlook (15-01-2016)

SPI 200‏ (ASX)‏ (H6) Intraday: expect 4985.

Pivot: 4852

Our preference: long positions above 4852 with targets @ 4947 & 4985 in extension.

Alternative scenario: below 4852 look for further downside with 4825 & 4810 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
5040
4985
4947
4935 Last
4852
4825
4810

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