Gold is currently testing the lower limit of its medium-term bullish channel at 1367 suggesting a rebound in the short term. However a break of this zone will free a large potential downside trend and initiate a new trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1367 with a 1st objective of 1376, then 1381. A breakthrough in 1365 will invalidate this scenario.