FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing resistance through its medium-term downtrend channel at 1382. A break of these levels would reach the upper limit of this channel in 1420.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1382 with a 1st objective of 1392, then 1400. A break of 1380 would invalidate this scenario.