FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the upper limit of its medium-term bullish channel to 1385 suggesting a decline in the short term. However a break of these levels would initiate a more violent upward trend.

According to previous events, the market indicates a bearish opportunity on the levels of 1385 with a 1st objective of 1367, then 1362. A break in 1388 would invalidate this scenario.