FX.co ★ GOLD Intraday Technical analysis

Gold is approaching the intermediate resistance of its medium-term bearish channel to 1416. A break of these levels would reach the upper limit of its channel in 1426.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1416 with a 1st objective of 1426, then 1428. A break in 1414 would invalidate this scenario.