FX.co ★ GOLD Intraday Technical analysis

Gold is approaching the lower limit of its medium term bullish channel to 1605 suggesting a rebound. 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 1605 with a 1st objective of 1615, then 1618. A break in 1603 would invalidate this scenario.