ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD:1842 Support Plays a Key Role in Ounce Gold
We observe that the demand for safe harbor continues in the new week, as the PMI data published by London-based global information provider IHS Markit showed a mixed outlook on the last Friday. Technically, as long as the 1842 level below is defended as a support, in the commodity where the potential will continue to remain up in the rising channel, if the 1868 resistance can be overcome, the 1880 level, which was last seen on 9 May, may come to the agenda. In case of possible stretches to 1842 gold, 1826 will be followed.
