Gold - Technical Analysis: Wednesday, 26/04/2017 09:18 GMT

Gold price continued to push negatively on the important support line 1270.00 and settled below it, which turns the intraday track to the downside, to head towards testing 1240.00 in the coming period.

Thus, we expect to witness more retreat on the intraday basis, noting that surpassing 1280.00 level will stop the current negative pressure and provide positive motive that allows the price to turn back to the main bullish trend again.