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:

www.newsbtc.com/2017...ed-trading-standard/

Comment:

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.