ANALYSIS
NQ100 Finds Support from PPIApr 14
Gold is in a critical path ahead of the Fed meeting
Expectations that Federal Open Market Committe will clarify the issue of reducing asset purchases as a result of today’s meeting are keeping gold under pressure. Technically, intermediate descending trend indicating 1804 will be decisive in short positions. Below 1772 support, the precious metal may deepen to 1761 and 1750 support levels. In case, it moves upwards and exceeds 1792 and 1804 levels, we will follow 1815 resistance level.
