ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD:50 EMA Will Be Decisive On Ounce Gold
With the announcement of the lowest number of coronavirus cases in the last 3 months in China, the announcement that some pandemic rules have been stretched in the cities of Beijing and Shanghai has supported risk appetite in global markets and lost some momentum on ounce gold prices. However, in the days we left behind, with the Kremlin's declaration that Ukraine was responsible for the freezing of peace negotiations, the increasing expectations that the tension in the war would remain high kept the demand for safe harbors on the alert. Technically, 1881 resistance can be followed if the critical 1870 level is exceeded in the yellow metal, where the upside outlook will be preserved as long as the persistence above the 1848 level indicated by the 50-period exponential moving average is maintained. In case of a move below the possible 50 EMA, 1836 support can be followed closely.
