Gold Prices What Next 2017?

The heating of hostilities between North Korea and the United States has not been able to lift the gold moving further. For investors, the psychological conflict between allies and North Korea is a stale issue already absorbed by the market.
Investors shifted and focused on two important news to be discussed this week. The first news of FOMC Meeting Minutes to be released later in the morning. The news will discuss about US $ 4.5 trillion in US balance of payments. The impact that can be generated if the abatement plan is alluded to and discussed with certainty is the strengthening US dollar, automatically gold will experience strong pressure.
The second news comes from the agenda of the G-20 summit in Germany to be held Friday and Saturday this week. The focus of the talks at the summit was in stark contrast to Trump's policies. The summit will discuss free trade agreements and climate change agreements. The clash of G20 member policy decisions with Trump's policies will bring concerns about the map of cooperation and the economic climate. This will be a positive boost for gold.

Technical Overview
As of this review, gold is trading at the price level of 1221,140 dollars per troy ounce and the price is testing a weekly support. Looking at the current nearest fundamental condition, there is a possibility the price will try to break down the support level one. The range of one weekly support level is at the price level of 1218.37-1214.83. If the level is able to withstand the onslaught of data that will release, gold will potentially rebound to 1239.00.If the support of one weekly breaks, then the price will continue the trip towards the two Weekly support is in the price range of 1187.228-1177.550 (Green area ). Here zoom in projection of gold price movement.