Gold Weekly Technical Outlook

Gold's fall from 1191.7 extended lower last week. Downside momentum diminished as see with 4 hours MACD staying above signal line. But deeper fall is still in favor as long as 1109.7 resistance holds, towards 1072.3 low next. On the upside, break of 1109.7 resistance will turn bias back to the upside for 1191.7 resistance.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/gold-weekly-technical-outlook-2015111431747/