ANALYSIS
NQ100 Finds Support from PPIApr 14
Demand for Ounce Gold Continues to Be Alive
The reduction of the World Bank's growth forecasts for 2022 affect ounce gold prices. In addition, while tensions are high in the Russia-Ukraine war, yellow metal continues to find demand due to the sanctions race between western countries and Russia. In addition, recession concerns in developed countries' economies increase the demand for safe harbors. Protecting its recovery potential under this outlook, the yellow metal can continue its gains until 1875 resistance if it can leave the 1862 level behind it permanently. In possible downward movements, 1838 and 1825 supports will be followed.
