Last week gold prices fired and it tested 1142$ , gold gave a good positive close above 1135$ gold prices were higher after fed decision not to hike any interest rate and Fed sounded worried about world economy which gave wings to gold and it fired from 1104$ to 1140$ this week , now if gold price click our weekly technical resistance at 1166$ and close above our gold resistance then expect market to fire upto 1190$ – 1230$ and even more
If gold price click our weekly technical support of 1108$ and manage to close below our gold support then expect another selling round in gold prices upto 1080$ – 1050$ and even more
Gold weekly forecast conclusion : Gold trend has changed now its positive so avoid any major sell and look to buy in dips
More will update in daily gold price forecast