FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the lower limit of its short term bearish channel at 1330 and seems to initiate a rebound. However a break of these levels would initiate a more violent downward trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1330 with a 1st objective of 1341, then 1347. A break in 1328 would invalidate this scenario.