FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the lower limit of its medium-term bullish channel at 1369 suggesting a rebound in the short term. But the upside trend is limited as a departure from its short term downtrend channel was not performed.

According to previous events, the market indicates a bullish opportunity on the levels of 1369 with a 1st objective of 1379, then 1382. A breakthrough of 1367 level will invalidate this scenario.