Gold Weekly Technical Outlook

Gold's break of 1287.8 last week indicates resumption of whole rally from 1045.4. Further rise should now be seen to 61.8% projection of 1045.4 to 1287.8 from 1228.5 at 1378.3 next. We'll look for topping signal around there. On the downside, break of 1228.5 support is needed to indicate near term reversal. 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-2016043032811/