FX.co ★ GOLD Intraday Technical Analysis

Gold price broke the intermediate resistance of its midterm bearish channel at 1572 leading to acceleration. A pull back at these levels is expected before the resumption of a bullish trend.

Amid the latest events, the market indicates a bullish opportunity at the levels of 1572 with the 1st objective of 1585, then of 1590. A break of 1569 would cancel this scenario.