FX.co ★ GOLD Intraday Technical analysis

Gold is approaching the lower limit of its medium-term bullish channel in 1608 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 1608 with a 1st objective of 1620, then 1622. A break in 1606 would invalidate this scenario.