Gold Weekly Technical Outlook

Gold rebounded strongly to 1338.3 last week but reversed. Break of 1234.2 support indicate that choppy fall from 1377.5 has resumed. Initial bias is on the downside this week for 61.8% retracement of 1045.4 to 1377.5 at 1172.3. Sustained break there will target a test on 1045.4 low.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/gold-weekly-technical-outlook-2016111233833/