Gold is currently testing the intermediate resistance of its medium-term bullish channel in 1520 suggesting a decline . However a break of these levels would allow it to reach the upper limit of the channel to 1560.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1520 with a 1st objective of 1530, then 1534. A break in 1518 would invalidate this scenario.
http://instaforex.com/forex_analysis/32217?x=OUE
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