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FX.co ★ GOLD Intraday Technical analysis

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Forex Analysis:::2011-10-26T06:06:00

GOLD Intraday Technical analysis

GOLD Intraday Technical analysis

Gold has broken yesterday the upper limit of its medium-term bullish channel in 1702 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 1702 with a 1st objective of 1712, then 1715. A break in 1699 would invalidate this scenario.

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