xau usd weekly technical analysis 16 to 20 may 2016 Xau usd pair this week closed with loss at 1273$. This was second weekly loss for gold spot. This week we saw low of 1256, my tgt of 1260$ I achieved. Sell call given at 1295$. For next week, xau/usd outlook is bullish on risk off trades. Expect some buying as well as short covering. 1260 and 1245$ are immediate support zones while 1290 and 1315$ are resistances. From long term view, gold spot above 1335-1360$ zone will start Bull Run for tgts 1560$ to 1770$.