FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the lower limit of its medium term bearish channel at 1498 and seems to start a rebound. However a break of these levels would initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1498 with a 1st objective of 1512, then 1515. A break in 1496 would invalidate this scenario.