FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the lower limit of its medium-term bullish channel at 1372 suggesting a rebound in the short term. However a break of these levels would release a significant downside.

According to previous events, the market indicates a bullish opportunity on the levels of 1372 with a 1st objective at 1382, then 1389. A break of 1370 would invalidate this scenario.