FX.co ★ GOLD Intraday Technical analysis

Gold has rebounded on the lower limit of its medium terme bearish channel and is currently testing the intermediate resistance of this one to 1522. A break of these levels would reach the upper limit of its channel to 1534.

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1522 with a 1st objective of 1534, then 1536. A break in 1520 would invalidate this scenario.