ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD:Tightening Pressure Continues on Ounce Gold
The expectation that the US Federal Reserve (FED) will maintain its tightening momentum keeps the price of an ounce of gold under pressure, despite the fact that the risks of a recession in the world's largest economy have increased and there is a relatively active demand for safe-haven assets because of the conflict on the Russia-Ukraine border. From this point of view, if the precious metal, which signals that it can accelerate its downward movements, on the fourth trading day of the week, if it can pass under the 1818 level in a pressured way, 1805 support can be brought to the agenda. 1850 and 1864 resistances can be followed in a possible upside scenario in yellow metal.
