The gold has bounced on the lower limit of its medium term bearish channel in 1718 and approach to the intermediate resistance of this one in 1754. A break of these levels would allow it to reach the upper limit of its channel to 1796.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1754 with a 1st objective of 1769, then 1774. A break in 1751 would invalidate this scenario.
