FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the upper limit of its medium term bearish channel in 1797 suggesting a decline. However a break of these levels would initiate a new trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1797 with a 1st objective of 1810, then 1815. A break in 1794 would invalidate this scenario.