ANALYSIS
NQ100 Finds Support from PPIApr 14
1988 level will be the key in Gold
Third round of negotiations between Ukraine and Russia was not as positive as expected, leading to expectations that the war is not over. In addition, rising oil prices put inflationary pressure on the world economy and thus, market participants go to risk aversion, increasing the demand for safe-haven assets. In technical chart, as long as 1988 is nor broken downwards, bullish moves will continue and target 2020 and 2034 resistance levels. On the other side, 1974 and 1958 will be our possible supports.
