ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD Exceeds $2000 Again After 1 Year
While the concerns in the banking sector in the global market keep the safe harbor demand alive, it accelerates the upward movements in Ounce gold. While we are following the 2012 resistance, which is indicated by the Fibonacci 61.8% expansion level in the commodity, which climbed above the 2000 dollar level last seen in March 2022, exceeding this region may enable us to reach the 2030 level, which marks the upper band of the upward channel. On the other hand, 1972 will continue to be our first critical support for possible decreases, while 1932-1935 support interval may be brought to the agenda in possible decreases.
