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!
Early in the American session, Gold (21 SMA) is trading around 1,882.53 above the 21 SMA and above 1,875.
On the 1-hour chart, we can see the formation of an uptrend channel. Therefore, any technical bounce at the bottom of this channel will be seen as an opportunity to buy, with targets at the psychological level of 1,900.
At the opening of the weekly session, Gold left a GAP at 1,882 and this was already covered. This could be a clear sign that gold could reach the 1,900 and 1,918 zone again.
On condition of a daily close above 1,903, the instrument forms a strong weekly resistance that could give gold the opportunity to resume its bullish cycle and the price could reach 1,919 and 7/8 Murray at 1,937.
On the downside, in case gold falls and breaks below 1,870, it is expected to resume its bearish cycle. So, the metal could reach 1,849 and lower 5/8 Murray located at 1,812.
The daily pivot point is around 1,873 and this could offer support for the instrument which could resume its bullish cycle. In case gold breaks the downtrend channel and consolidates below 1,870, there is a strong probability that it could fall towards 1,849 and finally towards 1,812 (5/8 Murray).
Our trading plan for the next few hours is to buy gold above 1,873 with targets at 1,885 and 1,902.
*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।
