FX.co ★ GOLD Intraday Technical analysis

Gold has rebounded on the lower limit of its medium-term bullish channel at 1528 and is currently testing its short-term resistance at 1549. A break of these levels would reach the upper limit of its channel in 1577.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1549 with a 1st objective of 1560, then 1565. A break in 1547 would invalidate this scenario.