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8/25/2017 12:22:55 AM

Gold - Technical Analysis: Friday, 25/08/2017 04:22 GMT



Gold price keeps its consolidation above the main bullish trend line that supports the continuation of the expected bullish trend on the short term basis, and we still waiting to surpass 1295.46 to confirm heading towards 1320.00 that represents our next target.

RSI needs to get positive momentum that assists to continue the expected rise, noting that breaking 1285.00 will put the price under temporary negative pressure to test the most important support to the short term trades at 1255.77 before turning back to rise again.


Target
Risk


Support
Resistance


Trend Bullish

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