Gold - Technical Analysis: Thursday, 14/07/2017 03:49 GMT

Gold price shows some slight retreat to approach from testing the important support at 1211.37, noting that breaking this level will push the price to continue trading inside the descending channel that appears on the chart below, to head towards the next correctional target at 1191.52.

On the other hand, surpassing the important resistance 1231.21 will stop the correctional bearish pressure and lead the price to achieve gains that start at 1255.77.

Thus, it is important to monitor the price according to the important levels represented by 1211.37 support and 1231.21 resistance to confirm the next trend clearly.