Gold prices were in zig zag mode last week it made a good double bottom in 1075$ range many data came negative for gold like US home sales posted highest number in last 8 years and jobless claims fell to their lowest level in more than 41 years well those were many negative news for gold price but it kept ignoring it and may be we should call it already discounted and it closed slightly higher at 1098$ now again our major hurdle would be at 1128$ which gold need to close for major fresh buying but closest would be 1108-09$ which is another intraday resistance .
If gold rates click our weekly market resistance at 1128$ and close above our technical resistance this week then expect gold prices to fire upto 1151$ – 1188$
If gold price click our weekly market support at 1065$ and manage to close below our technical support this week then expect another fresh round of selling upto 1030$ – 1000$
Gold market analysis conclusion : Gold trend is positive for this week , Major support in intraday trading at 1075$
More will update in daily gold report
Great analysis
thanks