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FX.co ★ GOLD Intraday Technical analysis

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Forex Analysis:::2011-06-07T07:49:20

GOLD Intraday Technical analysis

GOLD Intraday Technical analysis

Gold is currently testing the intermediate support of its medium-term bullish channel at 1542 and seems to start a rebound. However a break of these levels would entail a return to 1528.

According to previous events, the market indicates a bullish opportunity on the levels of 1542 with a 1st objective of 1559, then 1565. A break in 1539 would invalidate this scenario.

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