FX.co ★ GOLD Intraday Technical analysis

The gold is currently testing the upper limit of its medium-term bearish channel in 1721 suggesting a decline. However a break of these levels would free up significant potential and initiate a new trend.

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1721 with a 1st objective of 1733, then 1735. A break in 1719 would invalidate this scenario.