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Gold is currently testing the intermediate resistance of its medium term bullish channel to 1494 suggesting a decline. However a break of these levels would reach the upper limit of its channel to 1514.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1494 with a 1st objective of 1509, then 1513. A break in 1492 would invalidate this scenario.
