XAU Trading Outlook (04-02-2016)

 Gold spot Intraday: the upside prevails.

Pivot: 1125

Our preference: long positions above 1125 with targets @ 1143 & 1148 in extension.

Alternative scenario: below 1125 look for further downside with 1119 & 1111 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1151
1148
1143
1137.84 Last
1125
1119
1111

Ticker : GOLDS
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