Gold prices fired last week from 1095$ to 1123$ as we told you in our last week update that gold is in positive zone it showed with good positive muscle move , so this week we need to look forward our positive bias on gold prices as its still in buying territory but gold looking exhausted for now and gold need to click our technical resistance at 1148$ and close above this major resistance to resume more power in buying upto 1178$ – 1208$ this week
If gold click our technical support at 1080$ and manage to close below our major weekly support then expect gold to correct upto 1055$ – 1020$ and even more
weekly gold price forecast conclusion : Gold trend is up but last 2 trading sessions gold traded in small range so wait for new rise to initiate any fresh buying or rather wait for some dip to buy gold
More will update in daily gold forecast