ANALYSIS
NQ100 Finds Support from PPIApr 14
Recovery is limited in Gold
Statements from the West officials that sanctions on Russia will increase are raising geopolitical risks and increasing the demand for Gold. However, latest FOMC meeting minutes showed that Fed is hawkish and will reduce balance sheet, putting pressure on XAUUSD. Technically, as long as it stays below 1934 indicated by minor trend, we will follow 1917 and 1909 support levels. On the other side, 1940 and 1952 levels will be our resistances above 1934.
