Gold Weekly Technical Outlook

Gold's break of 1306.0 resistance last week argues that the rally from 1045.4 has resumed. Further rise would now be seen to 61.8% projection of 1045.4 to 1306.0 from 1199.0 at 1360.1 next. On the downside, however, break of 1267.3 will dampen this bullish view and turn focus back to 1199.0 support instead.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/gold-weekly-technical-outlook-2016061833146/