Gold - Technical Analysis: Thursday, 27/08/2015 08:10 GMT

Gold price broke the horizontal support 1140.00 besides the bullish trend line that appears on chart, and the price falls under the negative pressure that the exponential moving averages 50 and 100 put on the current trading, besides the negative signal that comes by stochastic.

The negative trading will be expected for the upcoming period, and the targets reach to 1070.00, while breaching 1140.00 will lead the price to begin the attempts of stopping the current decline and turning back to rise.