XAU Trading Outlook (04-03-2016)

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

Pivot: 5000

Our preference: long positions above 5000 with targets @ 5085 & 5115 in extension.

Alternative scenario: below 5000 look for further downside with 4905 & 4845 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
5150
5115
5085
5075 Last
5000
4905
4845

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