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!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Gold has decreased a little from the $1,900 but the bias is bullish in the short term. It could move in range in the next few days before deciding a clear direction. The price has printed an Inverse H&S pattern, it has jumped above the neckline signaling further growth.
USD's decline helped the price of gold to recover. A new higher high registered by XAU/USD suggests buying as the rate could go for fresh new highs. The temporary drop seems over, the US data could bring a new upside momentum.
The Final GDP and the CB Consumer Confidence could shake the markets later. Gold is expected to react after these figures will come out.
XAU/USD has found temporary resistance at the $1,900 level and now it has come back to retest the $1,862 level and the red downtrend line, neckline. The false breakdown with great separation below the Pivot Point ($1,865) signals strong buyers around this area.
The price could consolidate, accumulate more bullish energy here above the Pivot Point (1,865) before trying to take out the resistance represented by the upper median line (UML) and by 1,900.
A new false breakdown below the $1,862 or any other minor reversal pattern printed on this level could send the rate higher. So, we should search for long opportunities here or wait for a valid breakout above the upper median line (UML) and through the $1,900.
Technically, we'll have a great long opportunity from above the R1 ($1,912) level. The $2,000 psychological level and the $2,075 are seen as upside targets.
*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।
