FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the lower limit of its medium term bearish channel at 1308 suggesting a rebound in the short term. 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 1308 with a 1st objective of 1322, then 1327. A break in 1306 would invalidate this scenario.