FX.co ★ GOLD Intraday Technical analysis

Gold approaches the intermediate support of its medium-term bullish channel to 1503 and seems to start a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1493.

According to previous events, the market indicates a bullish opportunity on the levels of 1503 with a 1st objective of 1512, then 1515. A break in 1501 would invalidate this scenario.