FX.co ★ GOLD Intraday Technical analysis

Gold has broken yesterday the intermediate support of its medium-term bullish channel at 1507 resulting in an acceleration. A return to the lower limit of its channel to 1485 is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 1485 with a 1st objective of 1501, then 1506. A break in 1482 would invalidate this scenario.