Gold - Technical Analysis: Wednesday, 05/04/2017 06:43 GMT

Gold price returns to show some calm decline and moves around 1255.00 level, while the positive effect of the bullish technical patterns still active, which supports the continuation of the bullish trend in the coming period, as the next target is located at 1277.00.

We remind you that settling above 1235.00 represents important condition to continue the waited rise, noting that surpassing the above mentioned target will push the price towards 1350.00 on the near term basis.