XAU Trading Outlook (18-03-2016)

SPI 200‏ (ASX)‏ (M6) Intraday: the bias remains bullish.

Pivot: 5140

Our preference: long positions above 5140 with targets @ 5206 & 5240 in extension.

Alternative scenario: below 5140 look for further downside with 5120 & 5085 as targets.

Comment: technically the RSI is above its neutrality area at 50.

Supports and resistances:
5265
5240
5206
5182 Last
5140
5120
5085

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