Gold is currently testing the upper limit of its medium term bearish channel at 1502 suggesting a decline. However a break of these levels would free up significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1502 with a 1st objective of 1513, then 1516. A break in 1500 would invalidate this scenario.
