FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the inetrmediate resistance of its medium term bullish channel at 1442 suggesting a decline. However a break of these levels would reach the upper limit of its channel at 1475.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1442 with a 1st objective of 1455, then 1458. A break in 1440 would invalidate this scenario.