XAU Trading Outlook (10-02-2016)

SPI 200‏ (ASX)‏ (H6) Intraday: the downside prevails.

Pivot: 4800

Our preference: short positions below 4800 with targets @ 4700 & 4650 in extension.

Alternative scenario: above 4800 look for further upside with 4870 & 4930 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:
4930
4870
4800
4738 Last
4700
4650
4600

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