The gold came to test the intermediate resistance of its medium term bearish channel at 1432 and seems to initiate a decline. However a break of these levels would reach the upper limit of its channel in 1440.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1432 with a 1st objective of 1440, then 1445. A break in 1430 would invalidate this scenario.
