End of day analysis for Gold 20-09-2017

Gold price bounced downwards strongly after touching the correctional bearish channel's resistance, to succeed touching our main waited target at 1299.20 and settles near it, reminding you that breaking this level will extend gold price losses to reach 1281.17 as a next main station, while holding against the current negative pressure will hint the attempt to return to the main bullish trend again.

Therefore, it is important to monitor the upcoming trading carefully to confirm the next destination clearly.