FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the intermediate resistance of its medium-term bearish channel at 1497. A break of these levels would reach the upper limit of this one to 1507.

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1497 with a 1st objective of 1507, then 1510. A break in 1495 would invalidate this scenario.