Gold - Technical Analysis: Wednesday, 02/08/2017 07:29 GMT

Gold price shows some slight retreat now to move below the main bullish trend line, as the price is affected by the negative momentum that appears through RSI, and it might have to test 1255.77 again before turning back to rise again.

Overall, the bullish trend still valid for the coming period, and the next target is located at 1295.46, noting that breaking 1255.77 will stop the expected rise and push the price towards 1231.22 mainly.