GOLD Intraday Technical Analysis 2012-01-19

Gold is currently testing the intermediate resistance of its medium term bullish channel at 1,667 suggesting a decline. However, a break through these levels will allow it to reach the upper limit of its channel – 1,677.
Technical indicators do not give clear signals but are approaching the overbuy zone suggesting a decline.
According to previous events, the market will indicate a bullish opportunity as soon as gold will break through its resistance at 1,667 with the 1st objective of 1,677, and then of 1,680. A break of 1,665 will invalidate this scenario.

GOLD Intraday Technical Analysis 2012-01-06

Gold is currently testing the upper limit of its medium term bearish channel at 1,629 and seems to start declining. However, a break through these levels will free up significant potential and initiate a bullish trend.
According to previous events, the market will indicate a bullish opportunity as soon as gold price has broken its resistance at 1,629 with the 1st objective of 1,640, then of 1,645. A break of 1,627 will invalidate this scenario.

GOLD Intraday Technical Analysis 2012-01-05

Gold is currently testing the upper limit of its medium term bearish channel at 1632 and seems to initiate a decline. However a break of these levels would free up significant potential and initiate a bullish trend.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1632 with the 1st objective of 1645, then at 1650. A break of 1629 would invalidate this scenario.