FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the upper limit of its medium term bearish channel in 1536 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 1536 with a 1st objective of 1548, then 1553. A break in 1534 would invalidate this scenario.