XAU Trading Outlook (23-03-2016)

SPI 200‏ (ASX)‏ (M6) Intraday: consolidation.

Pivot: 5185

Our preference: short positions below 5185 with targets @ 5120 & 5085 in extension.

Alternative scenario: above 5185 look for further upside with 5214 & 5240 as targets.

Comment: as long as 5185 is resistance, likely decline to 5120.

Supports and resistances:
5240
5214
5185
5163 Last
5120
5085
5065

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