FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the lower limit of its medium term bearish channel at 1344 suggesting a rebound. However a break of these levels would initiate a more violent downtrend.

According to previous events, the market indicates a bullish opportunity on the levels of 1344 with a 1st objective at 1357, then 1363. A break of 1342 would invalidate this scenario.