XAU Trading Outlook (28-04-2016)

Trade SPI 200‏ (ASX)‏ (M6) Intraday: key resistance at 5233.

Pivot: 5233

Our preference: short positions below 5233 with targets @ 5145 & 5111 in extension.

Alternative scenario: above 5233 look for further upside with 5270 & 5300 as targets.

Comment: as long as 5233 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
5300
5270
5233
5192 Last
5145
5111
5090

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