FX.co ★ GOLD Intraday Technical analysis

The gold broke the intermediate support of its medium term bearish channel in 1580 leading to an acceleration. A pull back on these levels is expected before a resumption of bearish.

According to previous events, the market indicates a bearish opportunity on the levels of 1580 with a 1st objective of 1570, then 1560. A break in 1582 would invalidate this scenario.