ANALYSIS
NQ100 Finds Support from PPIApr 14
1882 level will set the tone in Gold
After Russia – Ukraine Conflict had increased tensions in the World, news that President Biden and President Putin would meet led to an ease in these tensions. However, recent statement of US Secretary of State Blinken that Russia is not pulling back its forces and on the contrary, it deploys reinforcements halted the downward moves in the precious metal. Technically, if gold prices stay above 1882 level, we will follow 1900 and 1912 resistance levels. On the other hand, 1870 support will be significant for us.
