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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[Gold]
If we observe that the RSI is forming a Hidden Bearish Divergence pattern and the two EMAs are crossing the Death Cross, then there is a high probability that gold will weaken today to its nearest support level.
Key Levels
1. Resistance. 2 : 5170.45
2. Resistance. 1 : 5094.41
3. Pivot : 5051.83
4. Support. 1 : 4975.79
5. Support. 2 : 4933.21
Tactical Scenario
Pressure Zone: If Gold breaks down and closes below 4975.79, there is potential pressure toward 4933.21.
Momentum Extension Bias: If 4933.21 is broken to the downside, Gold could continue weakening to 4857.17.
Invalidation Level / Bias Revision
The downside bias is restrained if Gold strengthens and breaks above 5170.45.
Technical Summary
EMA(50) : 5067.59
EMA(200): 5124.04
RSI(14) : 33.75
Economic News Release Agenda:
From the United States, the following economic data will be released:
US - Empire State Manufacturing Index - 19:30 WIB
US - Capacity Utilization Rate - 20:15 WIB
US - Industrial Production m/m - 20:15 WIB
US - NAHB Housing Market Index - 21:00 WIB
*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।
