ANALYSIS
NQ100 Finds Support from PPIApr 14
Ounce Gold is Preparing to Reach 1st Rising Wave
The increase in deaths after the relaxation of coronavirus measures in China creates demand for ounce gold as a safe haven. On the other hand, there is also the support of the US 10-year bonds below 3.50 percent in the global bond market. From this point of view, ounce gold, which maintains its bullish potential, can target 1832 if it can reach the Fibonacci 1st acceleration zone by transitioning to 1818 resistance. In retreats, 1796 and 1782 supports can be followed.
