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8/15/2017 12:32:30 AM

Gold - Technical Analysis: Tuesday, 15/08/2017 04:32 GMT



Gold price faces negative pressure now to move below the main bullish trend line, which might push the price to test the most important support to the short term trades at 1255.77 before turning back to rise again, noting that RSI attempts to gather the positive momentum to help the price to rise again.

Overall, the main bullish trend will remain valid unless breaking 1255.77 level and settling below it, noting that the expected bullish wave targets reach to 1295.46 then 1320.00 levels mainly.


Target
Risk


Support
Resistance


Trend Bullish

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