FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the upper limit of its medium-term bullish channel in 1612 suggesting a decline . However a break of these levels would allow it to initiate a bullish trend more violent.

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1612 with a 1st objective of 1622, then 1625. A break in 1610 would invalidate this scenario.