Gold - Technical Analysis: Friday, 09/06/2017 07:38 GMT

Gold price continued its decline to test the minor ascending channel's support that meets the main ascending channel's support line as appears on the chart below, noting that RSI begins to provide bullish trend signals now, to support the chances of turning back to rise again, waiting to head towards 1295.46 and test this barrier initially.

Surpassing the mentioned level will push Gold prices to 1320.00 then 1340.00 areas, while the price needs to settle above 1255.77 to guarantee the continuation of the expected bullish trend.