ANALYSIS
NQ100 Finds Support from PPIApr 14
Ounce Gold May Drop To 1.5-Month Low
Investor risk appetite in global markets is in a recovery trend after its rise at the beginning of the week. The indicator Vix index has regressed to the level of 25 points. On the other hand, the selling wave continues in the bond market. While the US has reached the level of 3.29 percent in 10 years, the leader of the precious metals group is struggling to find demand for an ounce of gold. In the technical view, the descending channel movement is quite clear. As long as the 1730 level indicated by the 100-period weighted moving average above is not exceeded permanently, the possibility of descent to the 1686 level behind 1700, which is the psychological borderline, can become concrete.
