Gold - Technical Analysis: Monday, 05/06/2017 07:32 GMT

Gold price resumed rising strongly to approach from our waited target at 1295.46, to support the continuation of the expected bullish trend on the short term basis, waiting to surpass the mentioned level to head towards 1320.00 then 1340.00.

The organized trades inside the ascending channel that appears on the chart below supports continuing the rise, while settling above 1255.77 represents important condition to achieve the waited targets.