Gold Weekly Technical Outlook

Near term outlook in gold remains bullish with 1228.5 support intact. Current rise from 1045.4 is expected to target 61.8% projection of 1045.4 to 1287.8 from 1228.5 at 1378.3 next. We'll look for topping signal around there. Nonetheless, break of 1228.5 will suggest that the current rally ended earlier than we expect and would turn outlook bearish.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/gold-weekly-technical-outlook-2016051432907/