Gold is approaching the intermediate resistance of its medium term bullish channel at 1439 suggesting a decline. However a break of these levels would reach the upper limit of its channel at 1452.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1439 with a 1st objective of 1448, then 1452. A break in 1437 would invalidate this scenario.
