FX.co ★ GOLD Intraday Technical analysis

Gold is approaching the lower limit of its medium-term bullish channel in 1596 suggesting a rebound in the short term. However a break of these levels would initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1596 with a 1st objective of 1616, then 1621. A break in 1594 would invalidate this scenario.