FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the lower limit of its medium term bearish channel at 1489 and seems to initiate 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 1489 with a 1st objective of 1506, then 1512. A break in 1487 would invalidate this scenario.