XAU Trading Outlook (29-03-2016)

SPI 200‏ (ASX)‏ (M6) Intraday: the downside prevails.

Pivot: 5100

Our preference: short positions below 5100 with targets @ 5010 & 4985 in extension.

Alternative scenario: above 5100 look for further upside with 5145 & 5167 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:
5167
5145
5100
5033 Last
5010
4985
4960

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