Gold Weekly Technical Outlook

From oilngold.com

Gold's rally extended to as high as 982.0 last week and has finally taken out 967.7 resistance. From a short term angle, initial bias remains on the upside and further rise should now be seen to test 1007.7/1033.9 resistance zone first. On the downside, below 872.2 minor support will indicate that an intraday top is formed and bring consolidation. But pullback should be contained above 945.8 support and bring rally resumption.