FX.co ★ GOLD Intraday Technical analysis

Gold is approaching the upper limit of its medium term bearish channel to 1528 suggesting a decline. However a break of these levels would free up significant potential and initiate a new trend.

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1528 with a 1st objective of 1540, then 1545. A break in 1526 would invalidate this scenario.