FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the upper limit of its medium-term bullish channel in 1915 suggesting a decline. However a break of these levels would allow it to 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 1915 with a 1st objective of 1925, then 1930. A break in 1913 would invalidate this scenario.