ANALYSIS
NQ100 Finds Support from PPIApr 14
Fed decision on tapering puts pressure on Gold
The Federal Open Market Committee said it will begin winding down its monthly asset purchases later this month at a pace of $15 billion per month, putting pressure on the precious metals. Technically, bearish moves continue in XAUUSD and if 1762 support is broken downwards, we will follow 1750 support. In possible rises 1788 and 1800 will be on our radar as significant resistance levels.
