ANALYSIS
NQ100 Finds Support from PPIApr 14
Jackson Hole Effect in Ounce Gold
The effects of the Jackson Hole meeting continue in global markets. The dollar, which was strengthened by the US Federal Reserve (FED) Chairman Jerome Powell's signals that interest rate hikes will continue to prevent high inflation from being permanent, has taken an ounce of gold under strong pressure. Technically speaking; On the first trading day of the week, the yellow metal tends to continue its downward movements in a channel formation, and the critical 1711 level will be closely followed. If it can be passed below with permanent closures, losses may continue until the psychological 1700 support, which was last seen on July 21. On the upside trials, 1734 and 1747 resistances can be followed.
