GOLD Intraday Technical analysis 2011-11-18

Gold approaching to the lower limit of its medium-term bearish channel in 1692 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 1692 with a 1st objective of 1705, then 1710. A break in 1689 would invalidate this scenario.