Gold Weekly Technical Outlook

Gold's consolidative trading continued but recovered ahead of 1308.2 support. At this point, further rise cannot be ruled out with 1308.2 support intact. But we'll be cautious on topping around long term fibonacci level at 1380.98. Break of 1308.2 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-2016073133361/