• 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:
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.