ANALYSIS
NQ100 Finds Support from PPIApr 14
Recovery in Ounce Gold May Accelerate
As a result of the falling inflation expectations in the USA, the US 10-year bond yields, which did not hold above 3.60%, again brought reaction to ounce gold. In this direction, if ounce gold, which clings to the 50-period simple moving average (MA), is able to recover to the 1792 resistance, it can continue its value gains until 1818, after 1805. 1756 support can be followed in the possible declines below 50 MA, which points to 1768.
