Gold - Technical Analysis: Wednesday, 22/03/2017 06:58 GMT

Gold price managed to achieve strong gains yesterday to complete bullish technical pattern that appears on the chart below, supporting the continuation of the bullish trend on the short term and medium term basis, noting that our next target is located at 1265.00, and surpassing this level will add more confirmation to extend the bullish wave on the longer term basis.

Thus, the bullish trend will remain dominant in the coming period, noting that settling above 1217.00 represents important condition to continue the expected rise.