ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD Erodes Fibonacci 23.6 Retracement Level
In addition to the depreciation in the dollar index, the US House of Representatives Speaker Kevin McCarthy's statement, "I don't think we need insurance to cover all bank deposits," reawakened the panic atmosphere in the market. Technically, the product, which eroded the 1964 resistance, which corresponds to the Fibonacci 23.6 retracement level, may want to test the 1972 and 1984 resistance levels if it closes above this region. On the other hand, if the 1964 resistance is not overcome, the 1953 support will be on our agenda again.
