ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD: 50 EMA is on our radar
US dollar is getting stronger following the expectations that the US Federal Reserve will hike rates by 50-basis points as a result of the next meeting, leading to losses in Gold prices. However, Russian invasion of Ukraine is not over and negotiations have not led to concrete actions for both sides. Technically, as long as 1907 level indicating the 50-period exponential moving average is not broken downwards, bullish movements will continue and we will follow 1950 level closely. In further rises, 1974 resistance, which was last reached on March 14 will be on our radar.
