XAU Trading Outlook (19-01-2016)

SPI 200‏ (ASX)‏ (H6) Intraday: key resistance at 4815.

Pivot: 4815

Our preference: short positions below 4815 with targets @ 4750 & 4700 in extension.

Alternative scenario: above 4815 look for further upside with 4885 & 4945 as targets.

Comment: the index currently faces a challenging resistance area at 4815.

Supports and resistances:
4945
4885
4815
4807 Last
4750
4700
4650

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