FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the intermediate resistance of its medium term bullish channel at 1468 and seems to initiate a decline. However a break of these levels would result in an acceleration to the upper limit of its channel in 1499.

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1468 with a 1st objective of 1480, then 1485. A break in 1466 would invalidate this scenario.