Gold - Technical Analysis: Thursday, 03/08/2017 10:10 GMT

Gold price declined clearly to test the important support 1255.77, and we mentioned in our previous reports that settling above this level keeps the main bullish trend valid, waiting to head towards 1294.46 mainly.

Thus, the bullish trend will remain dominant in the coming period conditioned by settling above 1255.77, as breaking this level will put the price under negative pressure to target 1231.22 level before attempting to return to rise again.