Gold - Technical Analysis: Friday, 10/03/2017 06:42 GMT

Gold price continues to decline to surpass 1200.00$ per ounce barrier, confirming the continuation of the bearish trend that heads towards 1180.00 as a next target, and the price falls under continuous negative pressure that makes us expect more decline in the coming period.

Note that attacking 1217.00 level and breaching it will open the door to attempt to return to the main bullish trend again, and the price needs to surpass 1248.00 barrier to confirm stopping the current negative pressure and return to the gains' path.