FX.co ★ GOLD Intraday Technical analysis

Gold broke the intermediate resistance of its medium term bearish channel in 1721 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 1721 with a 1st objective of 1735, then 1740. A break in 1718 would invalidate this scenario.