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FX.co ★ GOLD Intraday Technical analysis

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Forex Analysis:::2011-08-04T07:23:52

GOLD Intraday Technical analysis

GOLD Intraday Technical analysis

Gold is currently testing the upper limit of its medium-term bullish channel in 1674 suggesting a decline. However a break of these levels would initiate a bullish trend more violent.

According to previous events, the market indicates a bearish opportunity on the levels of 1674 with a 1st objective of 1663, then 1660. A break in 1676 would invalidate this scenario.

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