The gold came to test the resistance through its medium term bullish channel at 1408 and appears to initiate a withdrawal. A look back at the lower limit of its channel to 1379 is feasible in the short term.
According to previous events, the market indicates a bullish opportunity on the levels of 1379 with a 1st objective of 1392, then 1406. A breakthrough of 1377 will change the observed situation.
