comex gold weekly predictions for 4 to 8 jan 2016

comex gold weekly predictions for 4 to 8 jan 2016
comex gold this week closed at 1061$ with loss.
XAU USD weekly chart trend
and momentum both are very bearish.
For medium term , xau usd support zones are 1040$ and 1011$ levels.
On upside expect strong resistance at 1075$ and 1105$ levels.
For next week , traders below 1075$ keep short view on gold
with stop loss for target 1040$ and 1011$.
this freh bearish move might take below 1000$ if momentum psersist.
 
 
 
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