ANALYSIS
NQ100 Finds Support from PPIApr 14
Demand for Ounce Gold May Increase
After the serious increase in the number of coronavirus cases in China in recent days, the increasing protests against the restrictions increased the demand for ounce gold as a safe haven. In addition, it is possible to say that the hopes that the bank will raise interest rates by 50 basis points rather than 75 at the December meeting after the FOMC Minutes have also eased the yellow metal. Technically, in the commodity that continues its channel movement, a permanent overcoming of the 1772 resistance may pave the way for a transition to the 1784 level. In the possible retreats, 1750 support can be followed.
