ANALYSIS
NQ100 Finds Support from PPIApr 14
Ounce Gold Heads to Correction Path
In the international markets, we see that the recovery of the US 10-year bond yields over 3.75% again prevents the dollar index from falling further, while putting ounce gold under pressure. From this point of view, if the yellow metal, which ended the minor uptrend, falls below the 1748 support, the losses seem likely to deepen until 1722, marked by the Fibonacci 38.2% retracement, behind 1735. In possible upward attempts, 1773 and 1786 resistances can be followed.
