xau usd weekly-1225$ support 1285$ resistance

XAU USD Weekly chart 9 april 2016 Xau usd or gold comex this week closed with gain at 1237$.   Weekly chart price trend is down but momentum is strong bullish on account of recovery phase.   For xau/usd, on upside resistance is at 1285$ while on downside support on at 1225$. Below it next major support will be at 1180$.   Spot gold before moving upside might test lower support levels in upcoming weeks.     For commodity tips by sms with support and follow ups visit subscription page.

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Pramod Baviskar

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