FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the upper limit of its medium-term bearish channel at 1440 and seems to initiate a decline. However a break of these levels would free up significant potential and begin a rising trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1440 with a 1st objective of 1450, then 1454. A break in 1438 would invalidate this scenario.