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 prices rose through a fresh intraday high at $1,784-85 on Tuesday before pulling back. The yellow metal is seen to be trading close to $1,775 at this point in writing as the bears remain inclined to drag prices lower towards $1,747 at least. Please be aware that prices could test $1,807 to complete the expanded flat corrective structure, before turning lower again.
Gold prices have printed another high at the $1784-85 mark with a strong bearish divergence on the RSI as seen on the 4H chart here. Furthermore, prices are close enough to the Fibonacci convergence around the $1,770-75 zone discussed earlier. A high probability remains for a bearish reversal from here and a break below $1,747 will add further to our confidence.
On the flip side, if Gold prices sustain around current levels, it could open the door for gold to push through the $1,807-10 levels in the near term. The possibility also remains for a push through $1,820-30 before turning lower again. Looking at the larger wave structure, the metal is a good case to be sold on rallies from here on.
Potential bearish reversal against $1,830
Good luck!
*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।
