FX.co ★ GOLD Intraday Technical analysis

Gold is approaching the lower limit of its medium term bearish channel at 1383 suggesting a rebound in the short term. However a break of these levels would initiate a more violent bearish trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1383 with a 1st objective of 1405, then 1409. A break in 1380 would invalidate this scenario.