FX.co ★ GOLD Intraday Technical analysis

Gold has rebounded on the lower limit of its medium-term bullish channel at 1412 and is currently testing the intermediate resistance of this last at 1431. A break of these levels would reach the upper limit of its channel at 1441.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1431 with a 1st objective of 1441, then 1445. A break in 1429 would invalidate this scenario.