ANALYSIS
NQ100 Finds Support from PPIApr 14
FOMC Minutes Expectancy in Ounce Gold
Against the recently moderated dollar, the demand for ounce gold had increased slightly. However, with the effects of the recovery in investor risk appetite, it is seen that there is weight on the yellow metal. There is also pressure on the yellow metal as the minutes of the monetary policy, in which the Federal Open Market Committee (FOMC) increased interest rates by 75 basis points for the fourth time, will be announced today. The signals that may appear in the minutes will be closely followed in terms of pricing of the commodity. Technically, it is possible to follow the 1716 support if the yellow metal, which is seen to continue its downward movements with the realization of the trend change, passes below the 1727 level with permanent closures. In the possible upward attemps, the resistance of 1750 may come to the fore.
