FX.co ★ GOLD Intraday Technical analysis

Gold has bounced off the lower limit of its medium-term bullish channel at 1384. A return to this area presage a rebound. However a break of these levels would lead to a downward acceleration and initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1384 with a 1st objective of 1403, then 1408. A break in 1381 would invalidate this scenario.