FX.co ★ GOLD Intraday Technical analysis

Gold came to test the upper limit of its medium term bullish channel in 1780 and declined. A return to the intermediate support of this channel in 1630 is expected in the short term.

According to previous events, the market indicates a bullish opportunity on the levels of 1630 with a 1st objective of 1670, then 1720. A break in 1620 would invalidate this scenario.