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FX.co ★ GOLD Intraday Technical analysis

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Forex Analysis:::2011-07-14T08:52:41

GOLD Intraday Technical analysis

GOLD Intraday Technical analysis

Gold broke yesterday the intermediate resistance of its medium-term bullish channel in 1564 leading to 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 1564 with a 1st objective of 1574, then 1580. A break in 1562 would invalidate this scenario.

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