ANALYSIS
NQ100 Finds Support from PPIApr 14
Gold retains its gains ahead of the Fed meeting
Gold started to lose momentum due to the expectations that Fed will indicate a rate hike at the end of its meeting today. However, harsh statements from the developed countries’ authorities on the Russia – Ukraine increse the investors’ stress level and contributing to the positive stance of the precious metal. If 1858 resistance is broken in XAUUSD, we will follow 1872. On the other side, 1830 support might be followed.
