French Election & Gold

30 апр. 2017 г.The monthly break-line (resistance) in gold stands at the 1305-1310 mark, and only a break and close above this level on a monhly closing basis would warn of a further advancement in gold becomes possible. Looking ahead - we have the French Election on May 7th, therefore May 8th is the day of directional change. From a technical stand point of view, it looks like Le Pen will win. Expect the dollar to rally and the euro to fall if Le Pen wins.