Gold - Technical Analysis: Wednesday, 29/03/2017 08:41 GMT

Gold price broke the intraday bullish trend line and moves below it now, which might push the price to start some bearish correction before turning back to rise again.

Overall, the main bullish trend still valid until now, supported by the positive effect of the inverted head and shoulders' pattern that was completed previously, which its full target located at 1277.00, noting that it is important to settle above 1235.00 to continue the expected bullish trend.