ANALYSIS
NQ100 Finds Support from PPIApr 14
Ounce Gold Maintains its Recovery Path
The dollar, which entered the retracement process with the softening of expectations for a more aggressive FED, creates demand for ounce gold. Technically speaking, the yellow metal appears to be defending the uptrend. As long as the hold above 1745 as the determinant of the trendline is maintained, the probability of the commodity to recover up to the 1785 level, last seen on August 15, above 1773, is extremely strong. In case of decreases below 1745, 1732 support will be in our follow-up.
