ANALYSIS
NQ100 Finds Support from PPIApr 14
Gold is at the highest level of the last 5 months
Against rising inflation forecast in international markets, treasury yields are going down, leading to increase in demand for safe haven assets, especially gold. The precious metal stays above the minor trendline and if it exceeds 1886 resistance, it will head for 1900 resistance level. In case of a possible decline below the trendline, 1858 and 1845 supports will be on our radar.
