27.04.201109:36 Forex Analysis & Reviews: GOLD Intraday Technical analysis

Long-term review

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Gold is approaching the lower limit of its medium-term bullish channel at 1489, suggesting a rebound. However a break of these levels would initiate a bearish trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1489 with a 1st objective of 1501, then 1506. A break in 1487 would invalidate this scenario.

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