FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing support level through its bullish channel at 1385 suggesting a rebound in the short term. However a breakout of this zone will result in an acceleration toward the lower limit of its channel to 1362.

According to previous events, the market indicates a bullish opportunity on the levels of 1385 with a 1st objective of 1398, then 1409. A breakthrough of 1383 will change the situation.