ANALYSIS
NQ100 Finds Support from PPIApr 14
Gold is likely to move upwards
Russian President Putin’s statement that negotiations with Ukraine are halted and US President Biden’s remark that Russia is committing ‘genocide’ in Ukraine have led to raise in geopolitical risks and the demand for safe haven assets. In addition, high consumer prices in the US also support this demand. Technically, the precious metal has started to move upwards after breaking the minor trend and if it exceeds 1982, we will follow 2000 resistance levels. On the other side, 1965 and 1948 support will be crucial.
