Gold - Technical Analysis: Wednesday, 16/08/2017 04:35 GMT

Gold price moves around 1270.00 level, noticing that RSI shows positive momentum signals that we are waiting to help the price to return to rise, keeping the main bullish trend valid for the coming period unless pushing on 1255.77 level to break it and settle below it.

The price needs to surpass 1279.65 level to confirm the continuation of the bullish bias towards our main targets that reach to 1295.46 then 1320.00.