The gold is currently testing the intermediate resistance of its medium term bearish channel in 1630 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1730.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1630 with a 1st objective of 1640, then 1645. A break in 1627 would invalidate this scenario.
