Gold - Technical Analysis: Thursday, 08/06/2017 09:08 GMT

Gold price continues to retreat after testing the recent top at 1295.46, and it might head to test the minor ascending channel's support that appears on the chart below before turning back to rise again.

The main bullish trend still valid and dominant on the short term basis, and the extended targets reach to 1320.00 then 1340.00, while achieving them requires settling above 1255.77.