FX.co ★ GOLD Intraday Technical analysis

Gold is approaching the lower limit of its medium-term bullish channel at 1406 suggesting a rebound in the short term. However a break of these levels would release a significant downside potential.

According to previous events, the market indicates a bullish opportunity on the levels of 1406 with a 1st objective of 1421, then 1425. A break in 1404 would invalidate this scenario.