Gold is approaching the resistance through its medium term bullish channel to 1414, suggesting a decline in the short term. However a break in this area would achieve the upper limit of the latter in 1451.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1414 with a 1st objective of 1425, then 1432. A break in 1412 would invalidate this scenario.
