FX.co ★ GOLD Intraday Technical analysis

Gold has bounced off the lower limit of its medium-term bearish channel and approaches the intermediate resistance of this one at 1356. A break of these levels would reach the upper limit of its channel at 1370.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1356 with a 1st objective of 1365, then 1370. A break in 1354 would invalidate this scenario.