This week gold has a major resistance at 1241$ . If traders pull this resistance and manage to close above our hurdle . Then expect market to zoom upto 1266$ – 1291$ this week .
A good support on weekly gold chart at 1190$ . If traders break this support and manage to close beneath our support . Then expect market to support sellers and it may face some consolidation upto 1160$ – 1130$ this week .