FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the lower limit of its medium-term bullish channel to 1492 suggesting a rebound in the short term. However a break of this zone would free a large downside potential and initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1492 with a 1st objective of 1503, then 1509. A break in 1490 would invalidate this scenario.