ANALYSIS
NQ100 Finds Support from PPIApr 14
Ounce Gold Gets Support From The Need For Safe Havens Created By PMI Data
After the PMI data announced by S&P Global for the USA last week fell to the lowest level since the pandemic, we see that ounce gold is in demand as a safe haven demand. In addition, the support by the weak course of the dollar is also in question. In this direction, if the yellow metal holding at 100 MA can recover to 1808 resistance, it can reach the Fibonacci 1st bullish wave and focus on 1820. In the declines, the 1782 and 1770 supports will continue to be in our follow-up.
