Gold is currently testing the upper limit of its short-term bullish channel to 1526 and seems to initiate a decline. However a break of these levels would free up significant potential and reach the upper limit of its medium-term bullish channel to1550.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1526 with a 1st objective of 1540, then 1550. A break in 1523 would invalidate this scenario.
http://instaforex.com/forex_analysis/28405/?x=OUE
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1526 with a 1st objective of 1540, then 1550. A break in 1523 would invalidate this scenario.
http://instaforex.com/forex_analysis/28405/?x=OUE
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