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FX.co ★ GOLD Intraday Technical analysis

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Forex Analysis:::2011-05-30T06:56:02

GOLD Intraday Technical analysis

GOLD Intraday Technical analysis

Gold has broken the intermediate resistance of its medium-term bullish channel at 1530 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 1530 with a 1st objective of 1540, then 1545. A break in 1528 would invalidate this scenario.

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