FX.co ★ GOLD Intraday Technical analysis

Gold is currently testing the lower limit of its short-term bearish channel in 1842 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1842 with a 1st objective of 1865, then 1870. A break in 1839 would invalidate this scenario.