FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the upper limit of its medium term bearish channel at 1550 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 1550 with a 1st objective of 1565, then 1574. A break in 1548 would invalidate this scenario.