FX.co ★ GOLD Intraday Technical analysis

Gold is approaching the upper limit of its medium-term bullish channel in 1850 suggesting a decline. 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 1850 with a 1st objective of 1870, then 1877. A break in 1847 would invalidate this scenario.