Gold - Technical Analysis: Tuesday, 02/05/2017 13:35 GMT

Gold price continues to decline inside the intraday descending channel, to approach from our waited target at 1240.00, to keep the bearish trend dominant in the coming period, noting that we expect the price to bounce to the upside after testing the mentioned level to return to the main bullish trend again.

RSI shows positive signals that might cause some temporary positive attempts, noting that surpassing 1270.00 will stop the expected decline and push the price to resume its main bullish trend.