GOLD Intraday Technical analysis 2011-10-25

Gold has broken yesterday the intermediate resistance of its medium-term bullish channel in 1646 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.
According to previous events, the market indicates a bullish opportunity on the levels of 1646 with a 1st objective of 1660, then 1665. A break in 1643 would invalidate this scenario.