Gold Weekly Technical Outlook

Gold's strong rally and the break of medium term fall channel indicates bottoming. Further rise should now be seen 1191.7 resistance first. Sustained break there will confirm this case and would target 1307.8 resistance next. On the downside, 1113.1 support is now seen as a key near term support level and outlook will stay cautiously bullish as long as it holds.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/gold-weekly-technical-outlook-2016020732298/