ANALYSIS
NQ100 Finds Support from PPIApr 14
Gold has settled above 50 WMA
Strong performance of dollar in international markets is putting a dent on gold price. However, , 10-year treasuries, which had reached 1.89 – 2.00 percent range, declined to 1.75 due to the anchored inflation expectations, supporting the gold. Investors’ high stress levels also contribute to the bullish moves. Technically, the precious metal is trying to stay at the highest level of the last 2 months and if it exceeds 1852, we will follow 1865 resistance level. On the other side, 1828 level will also be on our radar against possible bullish moves.
