ANALYSIS
NQ100 Finds Support from PPIApr 14
21 MA Will be Determinant in Ounce Gold
Ounce gold continues to rally, as investor risk appetite has risen slightly after the missile crashed on NATO territory, Poland, and expectations for the FED to be less aggressive in policy tightening are priced in. Technically speaking, the commodity appears to have settled above the 21 MA, protecting its buyers. Unless the 1770 level marked by the 21 MA is over, the yellow metal has a high potential to take back its losses to the 1808 level after 1795. In the possible decreases below 21 MA, 1756 level will be followed.
