ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD:The Level 1837 Will Be Decisive on Ounce Gold
As a result of the increasing recession risks in the USA, the demand for ounce gold is limited by the tightening messages from the US Federal Reserve (Fed) members despite the high inflationary pressures. Technically, unless the 1837 level, which is indicated by the upper boundary line of the descending minor channel, is broken, the yellow metal may signal bearish movements. If it can be permanently passed below the 1817 level, a regression can be recorded to the 1805 support level. In the crossing over the possible 1837, an increase can be observed up to the 1850 resistance.
