Gold Weekly Technical Outlook

At this point, we're still favoring the case that gold has completed an impulsive wave at 1287.8 and pull back is due. Break of 1225.1 support will confirm short term topping and bring pull back to 55days EMA (now at 1173.9) and below. Nonetheless, sustained break of 1287.8 top will dampen our view and extend the rise of 1045.4 towards 1307.8 resistance instead.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/gold-weekly-technical-outlook-2016032032557/