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FX.co ★ GOLD Intraday Technical analysis

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Forex Analysis:::2011-04-18T07:02:58

GOLD Intraday Technical analysis

GOLD Intraday Technical analysis

Gold has broken the intermediate resistance of its medium-term bullish channel to 1482 resulting in an acceleration. A pull back on these levels is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 1482 with a 1st objective of 1493, then 1496. A break in 1480 would invalidate this scenario.

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