ANALYSIS
NQ100 Finds Support from PPIApr 14
Rebound Behavior is Maintained in Ounce Gold
The decline in PMI data in the US in the middle of the week and, following the FOMC meeting minutes, the expectations that the bank might raise interest rates softly at the December meeting suppressed the dollar and continued to support ounce gold pricing. Technically, as long as the yellow metal, where the minor trend change occurs, remains above the 1740 level, the 1765 and 1779 resistances can be caught on our radar. In the possible transition below 1740, a pullback may be experienced until the 1728 support.
