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FX.co ★ GOLD Intraday Technical analysis

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Forex Analysis:::2011-10-28T09:11:24

GOLD Intraday Technical analysis

GOLD Intraday Technical analysis

Gold is currently testing the upper limit of its medium term bullish channel in 1752 suggesting a decline. However a break of these levels would free up significant potential and initiate a new trend.

According to previous events, the market indicates a bearish opportunity on the levels of 1752 with a 1st objective of 1740, then 1735. A break in 1755 would invalidate this scenario.

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