ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD:Tightening Pressure is Maintained in Ounce Gold
As the coronavirus cases in China exceeded 1,000 in the last 24 hours, rising concerns gave some support to ounce gold. However, the weight of the tightening momentum of global central banks continues to keep ounce gold prices under pressure. Technically speaking, the psychological 1700 level will be followed closely in the yellow metal, which continues to be priced in the descending minor trend. In the permanent transitions below this point, the 1688 support, which is the lowest level in about a year, may enter the radar of market players. On the upside, there may be 1716 and 1725 resistances.
