ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD:The 1881 Level Will Remain Decisive For The Ounce
The wave of sales in the global bond market has not yet ended. Although the 10-year US treasury yields retreated slightly after their peak of 3.5 years on May 9, they are trading at around 3.00, which is the psychological limit line. Proceeding from this, the dollar continues to put pressure on asset pricing. The persistence of the ounce gold, which opened moderately on the third trading day of the week, below the 100-period weighted moving average (WMA) of 1881 remains important. In the yellow metal pricing, where 1881 at the intermediate support position will be adhered to as long as the decline path is not exceeded, if the 1836 support can be broken, the decline may continue to 1800, which will be the lowest for more than 3 months after 1813. If the 1881 resistance is broken above 1865, the 1894 level may come to the fore.
