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FX.co ★ GOLD Intraday Technical analysis

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Forex Analysis:::2011-10-27T09:10:31

GOLD Intraday Technical analysis

GOLD Intraday Technical analysis

Gold is currently testing the intermediate support of its medium-term bullish channel in 1720 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1710.

According to previous events, the market indicates a bullish opportunity on the levels of 1720 with a 1st objective of 1730, then 1735. A break in 1718 would invalidate this scenario.

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