Gold - Technical Analysis: Friday, 11/08/2017 04:24 GMT

Gold price rallied strongly to the upside to head towards our waited target at 1295.46, carried by the main bullish trend line that appears on the chart below, noting that surpassing the mentioned level will push the price to extend the bullish wave towards 1320.00.

The price might witness some temporary bearish bias affected by the negative momentum that appears through RSI, to test 1174.50 level before turning back to rise again.