Gold - Technical Analysis: Wednesday, 31/08/2017 03:42 GMT

Gold price declined clearly to test the important support 1295.46, noticing that the price still above the main bullish trend line, and RSI heads towards the oversold areas.

Thus, the bullish trend will remain valid until now, which its next target located at 1343.50, noting that breaking 1295.46 then 1289.00 levels will push the price to suffer more losses on the short term basis.