Gold - Technical Analysis: Monday, 01/08/2017 03:54 GMT

Gold price consolidates above the main bullish trend line, to support the continuation of the bullish trend in the coming period, waiting for more rise to visit 1295.46 level that represents our next main target.

Settling above 1255.77 represents the most important condition to continue the expected bullish trend, while surpassing 1295.46 will push Gold to achieve more gains on the long term basis, to head towards 1350.00 as a next target.