FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the lower limit of its medium term bearish channel at 1353 suggesting a rebound in the short term. However a break of these levels would release a significant downside potential.

According to previous events, the market indicates a bullish opportunity on the levels of 1353 with a 1st objective at 1365, then 1372. A break of 1351 would invalidate this scenario.