End of day analysis for Gold 30-08-2018

Gold price trades negatively to press on the intraday bullish channel’s support line, which urges caution from the upcoming trading, as holding below 1200.00 will put the price under more negative pressure and stop the recently suggested positive scenario, to head towards testing 1180.00 areas initially, while breaching 1208.40 represents the key to resume the bullish trend that its next target located at 1225.00.