FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing resistance through its short term bearish channel in 1370. A break of this zone will allow it to reach the upper limit of this one at 1380.

According to previous events, the market indicates a bullish opportunity since the spot rate has broken out its resistance at 1370 with a 1st objective of 1380, then 1390. A breakthrough of 1368 will invalidate this scenario.