XAU Trading Outlook (17-03-2016)

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

Pivot: 5104

Our preference: long positions above 5104 with targets @ 5190 & 5223 in extension.

Alternative scenario: below 5104 look for further downside with 5078 & 5040 as targets.

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

Supports and resistances:
5252
5223
5190
5162 Last
5104
5078
5040

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