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FX.co ★ GOLD Intraday Technical analysis

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Forex Analysis:::2011-06-03T06:42:00

GOLD Intraday Technical analysis

GOLD Intraday Technical analysis

Gold has broken the intermediate support of its medium-term bullish channel at 1533, resulting in an acceleration. It is currently testing the lower limit of this one to 1521 suggesting a rebound on these levels.

According to previous events, the market indicates a bullish opportunity on the levels of 1521 with a 1st objective of 1533, then 1535. A break in 1519 would invalidate this scenario.

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