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4/6/2017 12:58:23 AM

Gold - Technical Analysis: Thursday, 06/04/2017 04:58 GMT



Gold price resumes its bullish bias after the temporary decline that appeared yesterday, to continue the positive effect of the inverted head and shoulders pattern besides the bullish flag to push the price to the upside, as we are waiting for more gains that target 1277.00 level next.

The negativity that appears on RSI might cause some sideways fluctuation, but overall, the bullish trend will remain expected and dominant in the coming period conditioned by the price stability above 1235.00.


Target
Risk


Support
Resistance


Trend Bullish

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