End of day analysis for Gold 18-08-2017

Gold price could not manage to hold for long time above 1295.37 after attempting to breach it today, to approach from testing the intraday bullish channel's support, while the EMA50 continues to provide the positive support to the price, which makes us continue to suggest the bullish trend in the upcoming period, which its continuation depends on holding above 1275.00 as a first protecting factor to the suggested positive scenario, waiting to braech 1295.37 level to confirm opening the way to head towards 1312.00 followed by 1347.00 levels.