FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the lower limit of its medium-term bullish channel at 1385 and seems to start a rebound. However a breakthrough of this zone will result in a substantial downward acceleration.

According to previous events, the market indicates a bullish opportunity on the levels of 1385 with a 1st objective of 1393, then 1398. A breakout at 1383 will change the situation.