FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing support level through its medium-term bullish channel at 1358 and seems to start a rebound. However a breakout of this zone will lead to an acceleration toward the lower limit of its channel to 1352.

According to previous events, the market indicates a bullish opportunity on the levels of 1358 with a 1st objective of 1367, then 1370. A breakthrough at the level of 1356 will invalidate this scenario.