Gold Weekly Technical Outlook

The consolidation from 1287.8 short term top continued last week. Deeper pull back might 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-2016041732719/