XAU Trading Outlook (21-04-2016)

Trade SPI 200‏ (ASX)‏ (M6) Intraday: further advance

Pivot: 5175

Our preference: long positions above 5175 with targets @ 5280 & 5325 in extension.

Alternative scenario: below 5175 look for further downside with 5145 & 5090 as targets.

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

Supports and resistances:
5410
5325
5280
5249 Last
5175
5145
5090

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