FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the upper limit of its medium-term bullish channel at 1457 and seems to initiate a decline. However a break of these levels would initiate a more violent bullish trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1457 with a 1st objective of 1467, then 1470. A break in 1455 would invalidate this scenario.