FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the intermediate resistance of its medium-term bullish channel in 1564 suggesting a decline . However a break of these levels would allow it to reach the upper limit of the channel in 1598.

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1564 with a 1st objective of 1576, then 1580. A break in 1562 would invalidate this scenario.