During the whole previous trading day, the yellow metal was continuing to appreciate against the US Dollar. The only barrier that managed to stop the surge was a combined resistance level formed by the monthly R2 at 1,315.30 and the weekly R3 at 1,316.51.On the one hand, today the buck should try to restore some of the lost positions. On the other hand, the bullion now has a new, solid support level, which it can use to try to reach a new target, such as the monthly R3 at 1,359.22. It should be noted that this pivot point represents the only and closest obstacle from the northern side. In the meantime, there is also a need to take into account an effect from escalation of the North Korea crisis and a release of data on the US CB Consumer Confidence at 14:00 GMT.
