Gold testing since yesterday the intermediate resistance of its medium term trading range to 1439 suggesting a decline in the short term. However a break of these levels would reach the upper limit of this last in 1449.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1439 with a 1st objective of 1449, then 1453. A break in 1437 would invalidate this scenario.