ANALYSIS
NQ100 Finds Support from PPIApr 14
Support for Ounce Gold Continues
After the expectations that the US Federal Reserve (FED) will increase interest rates by 75 basis points at its meeting to be held on November 1 - 2 are almost entirely priced, the moderate decreases in the dollar continue to support ounce gold. Technically, in the yellow metal, which continues its upward movements after the trend change, the upward path can continue until the 1688 resistance, if the 1674 level is exceeded. In possible downward movements, 1650 and then 1637 supports can be followed.
