GOLD (XAUUSD)
• Entry at completion of 2nd Elliot wave, crucial 50% Fibonacci retracement.
• Long term Bullish fundamentals with looming uncertainty of French elections and bolstering of china/Russian gold back payment network:
newsbtc.com/2017/04/02/china-russia-strengthen-ties-replace-us-dollar-gold-backed-trading-standard/
• Long term Bullish fundamentals with looming uncertainty of French elections and bolstering of china/Russian gold back payment network:
newsbtc.com/2017/04/02/china-russia-strengthen-ties-replace-us-dollar-gold-backed-trading-standard/
Note
Gold is likely to continue on its bull run with support at 1278 (61.8% retracement) with the French elections looming, unresolved tension within the Korean Peninsula is likely to escalate before a resolution is found.Demand has increased in India which appears to be related to the recent government crackdown on cash.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.