Gold - Technical Analysis: Tuesday, 29/08/2017 05:51 GMT

Gold price showed strong positive rally yesterday to touch our waited target at 1320.00, supporting the expectations of continuing the bullish trend on the short term basis after confirming surpassing 1295.46 level, waiting for more rise that its next target reaches to 1343.50.

The negativity that appears on RSI might push the price to show some temporary decline, but overall, the bullish trend will remain valid conditioned by settling above 1287.00.