Gold has bounced off the lower limit of its medium-term bullish channel and approach the intermediate resistance of this one to 1386. A break of this zone would allow it to reach the upper limit of its channel in 1397.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1386 with a 1st objective of 1392, then 1397. A break in 1384 would invalidate this scenario.
