XAU Trading Outlook (09-03-2016)

SPI 200‏ (ASX)‏ (H6) Intraday: consolidation.

Pivot: 5173

Our preference: short positions below 5173 with targets @ 5075 & 5040 in extension.

Alternative scenario: above 5173 look for further upside with 5200 & 5225 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:
5225
5200
5173
5096 Last
5075
5040
5005

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