04.02.201110:57 Forex Analysis & Reviews: GOLD Intraday Technical analysis

Long-term review

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Gold is currently testing the upper limit of its bullish channel in 1356 and seems to initiate a withdrawal. A return to the intermediate support of its channel to 1345 is feasible in the short term.

According to previous events, the market indicates a bullish opportunity on the levels of 1345 with a 1st objective of 1356, then 1358. A break in 1343 would invalidate this scenario.

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