FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing resistance through its short term bullish channel at 1375 and seems to initiate a withdrawal. However a break of these levels would free up significant potential.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1375 with a 1st objective of 1385, then 1390. A break of 1373 would invalidate this scenario.