Gold - Technical Analysis: Thursday, 05/10/2017 04:37 GMT

50% Fibonacci correction level was broken at 1281.00 to head towards more bearish correction that its next target located at 1263.00, and the price moves within bearish track that supports the continuation of the decline in the coming period.

On the other hand, surpassing 1281.00 then 1299.10 will stop the bearish correction and push the price to return to the main bullish trend again.