Gold Weekly Technical Outlook

The break of 1225.1 support affirmed our view of short term topping at 1287.8. Deeper pull back should be seen to 38.2% retracement of 1045.4 to 1287.8 at 1195.2 or below. But after all, price actions from 1287.8 should be corrective in nature. And, we'd expect rise from 1045.4 to resume later.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/gold-weekly-technical-outlook-2016040332637/