FX.co ★ GOLD Intraday Technical analysis

The gold has bounced on the lower limit of its medium term bearish channel in 1718 and approach to the intermediate resistance of this one in 1754. A break of these levels would allow it to reach the upper limit of its channel to 1796.

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1754 with a 1st objective of 1769, then 1774. A break in 1751 would invalidate this scenario.