FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the intermediate resistance of its medium-term bearish channel at 1430. A break of these levels would reach the upper limit of its channel at 1438.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1430 with a 1st objective of 1438, then 1445. A break in 1428 would invalidate this scenario.