ANALYSIS
NQ100 Finds Support from PPIApr 14
Ounce Gold Rises with Geopolitical Tension
Ounce gold continues to find demand on the US-China line, the world's two largest economies, as a safe-haven demand due to the tension over Taiwan. Technically, the yellow metal, which has long-term upside potential by surpassing the 200-period exponential moving average (200 EMA), can target the psychological borderline of 1800, if it can complete its transition to 1786 resistance. In case of price sags from the possible 200 EMA, 1760 and 1745 supports can be followed.
