ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD:Ounce Gold May Resume Recovery Movements
With the high tension in the Black Sea line in the Russia-Ukraine war, we see that the demand for ounces of gold, the leader of safe havens, has increased. On the other hand, the moderate decline in 10-year U.S. bond yields in global markets continues to support the rally among ounces. In addition, after the GDP figures released yesterday, recession concerns for the U.S. economy also play a role here. Technically, in the yellow metal, where the continuation of the recovery with its persistence above 1845 is likely, the 1884 mark could become a target position if the resistance of 1870 is permanently overcome. In case of possible transitions below 1845, the support level of 1832 can be observed.
