ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD:Dissociations are Possible in Ounce Gold
With the decline in coronavirus cases in China, the transition to the normalization process supports assets with high-risk sensitivity in global markets. On the other hand, at the meeting held at the White House yesterday, in the meeting between US President Joe Biden and US Federal Reserve Chairman Jerome Powell, President Biden's emphasizing that "the space needed by the FED will be provided" to fight inflation strengthens the dollar. In addition, the recovery in the US 10-year bond yields also increases the pressure on ounces of gold. Technically speaking, the yellow metal, which completed the ascending minor wedge formation on the third trading day of the week, could break down to 1815 support, marked by the Fibonacci 61.8 percent retracement line, if it loosens behind the 1826 level. In the upward attacks that may occur in ounce gold pricing, after the 1843 level, the 1855 resistance may enter the radar of the market players.
