FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the upper limit of its long-term bullish channel to 1704 suggesting a decline. However a break of these levels would 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 1704 with a 1st objective of 1714, then 1720. A break in 1702 would invalidate this scenario.