FX.co ★ GOLD Intraday Technical analysis

Gold has rebounded on the lower limit of its medium-term bearish channel at 1503 and is currently testing the intermediate resistance of this one to 1519. A break of these levels would reach the upper limit of its channel in 1542.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1519 with a 1st objective of 1529, then 1535. A break in 1517 would invalidate this scenario.