XAU Trading Outlook (10-03-2016)

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

Pivot: 5125

Our preference: long positions above 5125 with targets @ 5200 & 5225 in extension.

Alternative scenario: below 5125 look for further downside with 5075 & 5040 as targets.

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

Supports and resistances:
5245
5225
5200
5169 Last
5125
5075
5040

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