FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the intermediate resistance of its medium term bearish channel at 1493. A break of these levels would reach the upper limit of its channel to 1503.

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1493 with a 1st objective of 1503, then 1510. A break in 1491 would invalidate this scenario.