FX.co ★ GOLD Intraday Technical analysis

The gold is currently testing the intermediate support of its medium term bullish channel in 1701 suggesting a rebound. However a break of these levels would entail a decline to the lower limit of this one to 1635.

According to previous events, the market indicates a bullish opportunity on the levels of 1701 with a 1st objective of 1715, then 1720. A break in 1698 would invalidate this scenario.