FX.co ★ GOLD Intraday Technical analysis

Gold is approaching the lower limit of its medium-term bullish channel at 1489, suggesting a rebound. However a break of these levels would initiate a bearish trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1489 with a 1st objective of 1501, then 1506. A break in 1487 would invalidate this scenario.