ANALYSIS
NQ100 Finds Support from PPIApr 14
Omicron variant may trigger purchases in Gold
US dollar’s outlook continues to have a downward effect on Gold prices. However, inflation expectations for the developed economies are still there. In addition, European Medicine Agency’s remarks that Omicron might be more contagious than Delta variant led to expectations for a rise in prices kept as is. The precious metal completed the retracement movement and after exceeding 1791 resistance, we will target 1802 and 1816 lelvels. On the other side, 1761 support is still an important support level.
