Gold - Technical Analysis: Tuesday, 23/05/2017 07:27 GMT

Gold price confirmed its return to the bullish trend after succeeding to surpass 1255.77 barrier, and the price needs the positive momentum to assist to rally towards our next target at 1295.46.

Thus, we expect the continuation of the bullish trend in the coming period, noting that breaking 1255.77 will put the price under the correctional bearish pressure again, to head towards 1231.21 initially.