ANALYSIS
NQ100 Finds Support from PPIApr 14
Demand for Gold is still high
Expectations that the Federal Reserve will hike rates by 25 bps today have put strong pressure on XAUUSD. However, negotiations between Russian and Ukrainian delegates have not come to an end, leading to rise in the demand for safe haven assets. On the third trading day of the week, we will follow 1948 level closely if the precious metal recovers and exceeds 1930 resistance. On the other side, 1898 will be critical support level and when it is broken, 1880 will be the second support level.
