FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the intermediateresistance of its medium term bearish channel in 1660 suggesting a decline. However a break of these levels would allow it to reach the upper limit of the channel to 1677.

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1660 with a 1st objective of 1670, then 1677. A break in 1658 would invalidate this scenario.