FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the intermediate support of its medium-term bullish channel at 1531 and seems to start a rebound. However a break in this area would entail a return to the lower limit of its channel in 1517.

According to previous events, the market indicates a bullish opportunity on the levels of 1531 with a 1st objective of 1542, then 1545. A break in 1529 would invalidate this scenario.