ANALYSIS
NQ100 Finds Support from PPIApr 14
1782 support will be significant
News and macroeconomic data flow is calm in the markets on the second trading day of the week and US index shows a strong stance. Also, volatility index might be considered as low (VIX: 16.48). In addition, gold couldn’t gain volume in upward movements today and couldn’t put an end to the sales potential. The precious metal is facing with a strong resistance at the 200-session EMA and it moderately decline following the end of the minor wedge pattern. Here, if 1782 support is broken downwards, 1771 and 1769 supports will be on our radar.On the other side, 1806 level will be important, in case, price movements exceed the 200 EMA.
