XAU Trading Outlook (16-03-2016)

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

Pivot: 5190

Our preference: short positions below 5190 with targets @ 5075 & 5040 in extension.

Alternative scenario: above 5190 look for further upside with 5230 & 5262 as targets.

Comment: the RSI is around its neutrality area at 50%

Supports and resistances:
5262
5230
5190
5098 Last
5075
5040
5005

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