ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD:Dissolutions Continue in Ounce Gold
Over the weekend, there is a sales wave in the global bond market with hawkish statements from the US Federal Reserve (Fed) members. In the face of the US 10-years reaching over 3.25 percent again, ounce of gold has difficulty in finding demand. In addition, the strong outlook of the dollar index has a downward effect on yellow metal pricing. As a matter of fact, commodity pricing, which has completed its correction movement, is also in dissolution. If 1826 support can end, depreciation can be observed up to 1800 behind 1813. Above, the 200-period exponential moving average pointing to 1854 will continue to be strong resistance.
