ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD:Ounce Gold's Resistance at 200 EMA Is Extremely Critical
Data released over the weekend by the China Logistics and Procurement Federation (CFLP) showed that manufacturing activity in the second-largest economy in the world is suddenly under pressure. On the other hand, within the scope of US House of Representatives Speaker Nancy Pelosi's visit to Taiwan, we see that new trading day safe harbor purchases came to the fore after the strong reactions from China. Ounce gold pricing also changed the trend but faced strong resistance at the 200-period exponential moving average (200 EMA). The 200 EMA is extremely critical at this point. Exceeding it, creating a technical reaction, could accelerate the rise of the commodity to the level of 1792 after 1778. The 1750 and 1736 supports will be followed in the loosening of the pricing from the possible 200 EMA.
