FX.co ★ GOLD Intraday Technical analysis

Gold has rebounded yesterday from the lower limit of the bullish channel and is currently testing its strength through to 1412. A break of this zone will allow it to reach the upper limit of its channel in 1430.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will break its resistance in 1412 with a 1st objective of 1421, then 1430. A break in 1410 would invalidate this scenario.