Gold is approaching the upper limit of its short term bearish channel at 1431. A break of these levels would reach the upper limit of its medium-term bullish channel to 1445.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1431 with a 1st objective of 1440, then 1445. A break in 1429 would invalidate this scenario.
