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FX.co ★ GOLD Intraday Technical analysis

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Forex Analysis:::2011-06-14T07:47:41

GOLD Intraday Technical analysis

GOLD Intraday Technical analysis

Gold has rebounded on the lower limit of its medium terme bearish channel and is currently testing the intermediate resistance of this one to 1522. A break of these levels would reach the upper limit of its channel to 1534.

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1522 with a 1st objective of 1534, then 1536. A break in 1520 would invalidate this scenario.

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