Gold Price | Technical Analysis | 2 February 2011

Gold Price | Technical Analysis | 2 February 2011

Gold is currently testing the upper limit of its medium-term bearish channel at 1342. A break of these levels would free up significant potential and begin an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1342 with a 1st objective of 1353, then 1357. A break in 1340 would invalidate this scenario. Full Gold Analysis