FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the lower limit of its medium-term bullish channel at 1411 suggesting a rebound. 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 1411 with a 1st objective of 1426, then 1435. A break in 1409 would invalidate this scenario.