Gold continued strengthening of the correction and appears to be resistant test range in 1098 (FIBO 38.2) after getting reinforcement of more than USD7 of the trading day yesterday.
The fundamental issue that is being strengthened today is the tension in the Middle East, speculation continued rise in US interest rates and the volatility of global stock markets, especially in China, including the success of the hydrogen bomb test by North Korea.
Technical Analysis
At the H4 chart below can be one of the possible Elliott Wave count that can help you take trading decisions today.
The fundamental issue that is being strengthened today is the tension in the Middle East, speculation continued rise in US interest rates and the volatility of global stock markets, especially in China, including the success of the hydrogen bomb test by North Korea.
Technical Analysis
At the H4 chart below can be one of the possible Elliott Wave count that can help you take trading decisions today.
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