FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the upper limit of its medium-term bullish channel to 1394 suggesting a decline in the short term. However a break in that area would release significant potential.

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1394 with a 1st objective of 1406, then 1409. A break of 1392 afterward would invalidate this scenario.