Gold Weekly Technical Outlook

As long as 1117.9 resistance holds, the down trend in gold is expected to extend to 100% projection of 1307.8 to 1141.6 from 1232.0 at 1065.8, and then 1000 psychological level. On the up side, above 1117.9 will bring consolidations first before staging another fall.

from Oil N' Gold Focus http://ift.tt/1JDK1je