ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD: Ounce Gold May Continue Its Rising
We see that rising inflation and slowing growth concerns in global markets increase the demand for safe assets. As a matter of fact, the recent moderate decline in the US dollar also supports this. Technically speaking, if the ounce of gold, which broke the intermediate trend and headed for recovery, can leave the 1871 level permanently, the 1884 resistance can be followed. In the downward movements that may be experienced in the pricing of the yellow metal, 1848 and 1836 supports may come to the fore.
