FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing resistance through its medium-term bullish channel at 1410. A break of this zone would allow it to reach the upper limit of this one in 1417.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1410 with a 1st objective of 1417, then 1421. A break in 1408 would invalidate this scenario.