End of day analysis for Gold 11-08-2017

Gold price shows sideways trading and recovers now, in attempt to resume the bullish trend that targets 1295.37 followed by 1312.00 levels as next main stations, noticing that stochastic attempts to get rid of its negativity and gain the positive momentum on the four hours' time frame.

In general, the bullish trend will remain active on the intraday and short term basis unless breaking 1254.56 level and holding below it.