FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing resistance through its channel bearish medium term to 1389. A break of this zone would allow it to reach the upper limit of this channel in 1407.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1389 with a 1st objective of 1399, then 1407. A break in 1387 would invalidate this scenario.