FX.co ★ GOLD Intraday Technical Analysis

Gold is now testing the intermediate support of its medium term bullish channel at 1,662 suggesting a rebound. Still passing these levels will entail a return to the lower limit of this one to 1,650.

Technical indicators give sell-signals suggesting a decline in the short term.

According to previous events, the market will indicate a bullish opportunity at 1,662 with the 1st target at 1,672, and then at 1675. A break through 1,659 will cancel this plan.