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 price remains in a bearish trend. Price got rejected at the cloud resistance of the 4 hour chart. Price is making lower lows and lower highs. Any attempt to break above short-term resistance has failed. Bears remain in control of the trend.
Resistance by the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator) is at $1,756 and $1,762. As long as price is below these levels short-term trend remains weak. The RSI has not made a new lower low after today's new low. This is a bullish divergence. This justifies a bounce higher maybe towards cloud resistance at $1,763. This is just a warning and not a reversal signal. I expect Gold to make new lower lows before starting a bigger bounce.*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।