Gold is currently testing the upper limit of its medium-term bearish channel in 1709 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 bullish opportunity as soon as the gold will have broken its resistance in 1709 with a 1st objective of 1720, then 1725. A break in 1707 would invalidate this scenario.
