GOLD Intraday Technical analysis 2011-10-11

Gold is currently testing the upper limit of its medium-term bullish channel in 1686 suggesting a decline . However a break of these levels would allow it to initiate a bullish trend more violent.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1686 with a 1st objective of 1700, then 1705. A break in 1684 would invalidate this scenario.