ANALYSIS
NQ100 Finds Support from PPIApr 14
Ounce Gold is Struggling to Maintain the Earnings
After the influential members of the US Federal Reserve (FED) did not exclude another 75 basis point rate hike from the base scenarios, we see that the dollar started to increase its pressure on international assets again. While the US has recovered up to 2.85 percent in 10 years in the global bond market, it is having a hard time maintaining its ounce gold gains. Technically, with the stretching of the rising wedge below, in the yellow metal pricing, where the correct path is opened, if the 1772 support can end, the 1745 level, which is marked by the Fibonacci 50.0 percent rejection line behind 1760, may come to the fore. Above, the psychological 1800 level will be followed.
