FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the intermediate support of its short-term bullish channel to 1509 and appears to initiate a rebound. However a break of this area would entail a return to the lower limit of this one to 1502.

According to previous events, the market indicates a bullish opportunity on the levels of 1502 with a 1st objective of 1514, then 1520. A break in 1500 would invalidate this scenario.