ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD:Tightening Pressure May Continue on Ounce Gold
The growing coronavirus cases in Asia have reignited some interest in gold, but the yellow metal is still under pressure from the world's central banks’ tightening monetary policy. Technically, if the commodity, which signals downward movements on the last trading day of the week with the resistance it encounters in the 50-period exponential moving average, can pass below the psychological 1700 support with permanent closes, the 1686 level can be followed by the market players. If the possible 50 EMA is broken, 1732 resistance may come to the fore.
