FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the upper limit of its medium-term bullish channel at 1509 and seems to initiate a decline. However a break of these levels would allow it to begin a bullish trend more violent.

According to previous events, the market indicates a bearish opportunity on the levels of 1509 with a 1st objective of 1495, then 1492. A break in 1512 would invalidate this scenario.