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11/2/2017 3:36:45 AM

Gold - Technical Analysis: Thursday, 02/11/2017 07:36 GMT



The consolidation of 61.8% Fibonacci correction level against Gold price recent negative attempts indicates the price head to resume the main bullish trend, and it needs to surpass 1280.00 barrier to confirm the continuation of the bullish bias, as the positive targets located at 1299.00 then 1320.00.

Note that breaking 1263.00 will put the price under more negative pressure and stop the expected rise.


Target
Risk


Support
Resistance


Trend Bullish

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