Gold is approaching the upper limit of its short-term bearish channel in 1623 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its medium-term bullish channel to 1633.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1623 with a 1st objective of 1633, then 1635. A break in 1621 would invalidate this scenario.
