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7/11/2017 12:03:35 AM

Gold - Technical Analysis: Tuesday, 11/07/2017 04:03 GMT



Gold price achieved some slight rise after touching the minor descending channel's support that appears on the chart below to move around 1211.37 now, as the price shows new attempts to break this level, which keep the bearish trend dominant in the coming period, reminding you that our extended target is located at 1191.52.

We should note that rallying to surpass 1231.21 will push the price to attempt to return to the main bullish trend again.


Target
Risk


Support
Resistance


Trend Bearish

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