FX.co ★ GOLD Intraday Technical analysis

Gold has bounced off the lower limit of its short-term bullish channel at 1360 and is approaching the upper limit of its channel at 1370. A break of these levels would allow it to begin a more violent uptrend .

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1370 with a 1st objective of 1380, then 1384. A break of 1368 would invalidate this scenario.