Gold Weekly Technical Outlook

Gold jumped sharply higher last week and took out 1191.7 resistance firmly. The development confirmed medium term bottoming at 1045.4. Further rise should be seen to 1307.8 resistance next. On the downside, break of 1181.6 is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/gold-weekly-technical-outlook-2016021432339/