FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing its short-term horizontal resistance at 1369. A break of these levels would reach the upper limit of its bullish channel at 1378.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1369 with a 1st objective of 1378, then 1382. A break in 1367 would invalidate this scenario.