ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD is still under pressure
Governor of the People's Bank of China (PBoC), Yi Gang, announced that the prudent monetary policy would continue to support the economy, leading to recovery movements in gold. However, we are watching that the tightening momentum in the global markets is increasing its pressure on the gold. Considering these, 1700 level remains in a critical position in the precious metal, which continues its movements in the descending minor trend. In the permanent transitions below this level, a decline can be observed down to 1688 support, which is the lowest level of approx. the last 12 months. In possible upwards attempts, 1721 and 1732 resistances may come into question.
