Gold - Technical Analysis: Monday, 21/08/2017 04:35 GMT

Gold price declined to test the main bullish trend line after attempting to surpass 1294.46 on last Friday, and the bullish trend still valid for today as long as the price is stable above 1282.00, waiting to confirm surpassing 1295.46 level to rally towards our targets that extend towards 1320.00.

Thus, we expect the continuation of the bullish trend domination in the coming period, noting that breaking 1282.00 will push the price to 1255.77 before turning back to rise again.