FX.co ★ GOLD Intraday Technical analysis

Gold has broken the intermediate support of its medium term bearish channel at 1419 resulting in an acceleration. A return to the lower limit of the channel at 1401 is therefore possible in the short term.

According to previous events, the market indicates a bearish opportunity on the levels of 1419 with a 1st objective of 1407, then 1401. A break in 1421 would invalidate this scenario.