ANALYSIS
NQ100 Finds Support from PPIApr 14
Ounce Keeps The Psychological 1800 In Focus
With the pricing of 50 basis points less aggressive interest rate hike expectations for the critical meeting of the US Federal Reserve (FED), where few days are left, the US 10-year bond yields, which fell to 3.45 percent in the global bond market, keep the demand for ounce gold alive. On its technical outlook, it is quite clear that the yellow metal is defending an intermediate bullish trend. The 1791 resistance above remains important. Exceeding this can support reaching the psychological 1800. In retreats, the 1773 – 1764 line can work as a power harvesting zone.
