FX.co ★ GOLD Intraday Technical analysis

Gold is approaching the upper limit of its medium-term bullish channel to 1395 suggesting a decline in the short term. However a break in this area will make the uptrend more violent.

According to previous events, the market indicates a bearish opportunity on the levels of 1395 with a 1st objective of 1382, then 1376. A breakthrough of 1397 will change this situation.