FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the upper limit of its medium-term bullish channel at 1348 and appears to initiate a return. However 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 1348 with a 1st objective of 1362, then 1367. A break in 1346 would invalidate this scenario.