FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the lower limit of its medium-term bullish channel at 1355 suggesting a rebound in the short term. However a break of these levels would release a large downside potential and initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1355 with a 1st objective of 1367, then 1374. A break in 1353 would invalidate this scenario.