Gold - Technical Analysis: Tuesday, 08/08/2017 04:09 GMT

Gold price begins to recover after consolidating above 1255.77, besides RSI move near the oversold areas, making the chance valid to continue the bullish trend in the coming period, waiting to test 1272.50 then 1295.46 levels as next targets.

We should note that breaking 1255.77 will turn the intraday trend to decline and head towards 1231.22 direct.