ANALYSIS
NQ100 Finds Support from PPIApr 14
Gold continues to rise amid rising tensions
Rising number of Russian missile attacks on Kyiv has led to rise in tensions and thus, the investors’ stress levels. As a result, we observe bullish moves in XAUUSD. In addition, concerns that Europe may face with a recession further contribute to this demand for safe-haven assets. Technically, gold is still in the ascending minor channel and if it exceeds 2006, we will follow 2020 resistance, the highest level of the last 40 days, closely. On the other side, 1980 will be our support level.
