Gold Weekly Technical Outlook

Gold's rally continued last week and briefly touched mentioned target of 61.8% projection of 1045.4 to 1306.0 from 1199.0 at 1360.1. As it's now close to long term fibonacci level at 1380.98, we'll be cautious on topping at current level. Break of 1252.8 support will be the first sign of trend reversal and will turn focus back to 1199.0 support.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/gold-weekly-technical-outlook-2016062633192/