ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD is still bearish
We observed limited raises in gold price as US index slightly decreases on the first trading day of the week. However, investor stress is at the lowest levels of the pandemic period, leading to sales pressure in the precious metal. As long as it stays below 1802 level indicated by the intermediate descending channel, sales potential will continue and 1774, 1762 and 1750 support levels weill be on our radar, respectively. On the other side, 1816 level will be a significant resistance above 1802.
