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FX.co ★ GOLD Intraday Technical analysis

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Forex Analysis:::2011-09-01T05:34:39

GOLD Intraday Technical analysis

GOLD Intraday Technical analysis

Gold is approaching the lower limit of its medium term bearish channel in 1803 suggesting a rebound. However a break of these levels would initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1803 with a 1st objective of 1827, then 1835. A break in 1800 would invalidate this scenario.

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