ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD:Ons Gold Finds No Strength in Recoveries
In global markets, we see that the support of the retreat in the dollar to gold is limited. On the other hand, clues regarding the possibility of a 75 basis point rate hike by the US Federal Reserve (FED) against the upside risks to the inflation outlook, which has not yet peaked in the world's largest economy, continue to be sought in the markets, while the US 10-years are trading at around 2.90%. Technically speaking, the yellow metal, which has difficulty in finding demand in the first half of the European session today, after the relative recovery yesterday, can lose value up to 1786 psychological level behind 1800 if it can stretch below 1812. Above, the 1838-1852 range is a strong resistance zone.
