The gold is currently testing the intermediate resistance of its medium term bearish channel in 1734 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1756.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1734 with a 1st objective of 1746, then 1756. A break in 1731 would invalidate this scenario.
