XAU Trading Outlook (07-03-2016)

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

Pivot: 5075

Our preference: long positions above 5075 with targets @ 5180 & 5200 in extension.

Alternative scenario: below 5075 look for further downside with 5040 & 5005 as targets.

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

Supports and resistances:
5225
5200
5180
5146 Last
5075
5040
5005

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