ANALYSIS
NQ100 Finds Support from PPIApr 14
Fed’s pressure on Gold prices continues
Following the consumer prices data released in the US, expectations that 100 bps rate hike will be implemented by the US Federal Reserve have led to a strong stance in US dollar and put pressure on Gold. Thus, 1700 level is critical in XAUUSD. If this level is broken downwards, 1692 and 1684 supports will be on our radar. On the other side, upward movements above 1700 may lead us towards 1711 and 1720 resistance levels.
