FX.co ★ GOLD Intraday Technical analysis

Gold approaches the lower limit of its medium-term bullish channel at 1412 suggesting a rebound in the short term. However a break of this zone would free a large potential downside and initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1412 with a 1st objective of 1422, then 1424. A break of 1410 would invalidate this scenario.