FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the lower limit of its medium-term bullish channel at 1379. A rebound is possible on these levels. However a breakout of this area would entail a downward trend in violence.

According to previous events, the market indicates a bullish opportunity on the levels of 1379 with a 1st objective of 1392, then 1406. A breakthrough of 1377 would invalidate this scenario.