Gold is currently testing the upper limit of its bearish channel at 1419 suggesting a decline in the short term. However a break of these levels would free up significant potential and begin a resumption of bullish.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1419 with a 1st objective of 1435, then 1438. A break in 1417 would invalidate this scenario.
