FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the intermediate resistance of its medium term bullish channel in 1602 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1612.

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1602 with a 1st objective of 1612, then 1615. A break in 1600 would invalidate this scenario.