FX.co ★ GOLD Intraday Technical analysis

Gold is approaching the lower limit of its medium term bullish channel in 1859 suggesting a rebound. However a break of these levels would initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1859 with a 1st objective of 1870, then 1875. A break in 1857 would invalidate this scenario.