ANALYSIS
NQ100 Finds Support from PPIApr 14
Sales in gold likely to gain momentum below 1752 support
We observed a little decline in investor risk appetite at the start of the week. In addition, strong stance of USD and 10-year treasury yields staying above 1.60 level put downward pressure on gold prices. Technically, descending trend continues and after 1752 support is broken downwards, 1740 and 1728 levels will be the next support levels. On the other side, 1778 and 1790 resistance levels will be on our radar in possible short-term recoveries.
