The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
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[XAU/USD]
With both EMAs forming a Golden Cross, although the RSI is still in the Neutral-Bearish level, it seems that the strengthening momentum continues to dominate in XAU/USD.
Key Levels:
1. Resistance. 2 : 4175.64
2. Resistance. 1 : 4150.99
3. Pivot : 4123.81
4. Support. 1 : 4099.16
5. Support. 2 : 4071.98
Tactical Scenario:
Positive Reaction Zone: If the price of XAU/USD breaks above 4123.81, there is potential to continue to 4150.99.
Momentum Extension Bias: If 4150.99 is breached and closed above, XAU/USD will continue strengthening up to 4175.64.
Invalidation Level / Bias Revision:
The upside bias weakens if the price of Gold declines and breaks below 4071.98.
Technical Summary:
EMA(50) : 4119.78
EMA(200): 4070.80
RSI(14) : 32.39
Economic News Release Agenda:
Today, there are no economic data releases from the U.S. market session.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
