Gold ( xau/usd ) prices fired once again as we anticipated in our last week’s gold analysis , it closed above 1155$ showing extremely good trend for buyers , now if gold prices click our weekly resistance at 1185$ and close above this level then expect gold to fire upto 1208$ – 1241$ this week
A good support in gold price at 1125$ once comex gold break our weekly support and close below our major support then expect market to correct upto 1080$ – 1040$ and even more correction not ruled out
Weekly gold forecast conclusion : Gold trend is positive so avoid any major sell trade for now
More will update in daily gold price forecast