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 is giving way to its role as a defensive asset to the dollar, and the XAU/USD pair is declining towards the key support levels of 1700.00, 1690.00 (200 EMA on the weekly chart), 1682.00 (38.2% Fibonacci retracement correction to the growth wave since December 2015 and the 1050.00 mark).
In the event of their breakdown, the long-term bullish trend of the XAU/USD pair may be in jeopardy.
In an alternative scenario, there will be a rebound from these support levels, and a breakdown of the important resistance levels of 1742.00 (200 EMA on the 1-hour chart), 1746.00 (144 EMA on the weekly chart) will become a signal for the resumption of long positions. The breakdown of the key resistance level 1814.00 (200 EMA on the daily chart) will confirm the scenario of the resumption of the long-term bullish trend of XAU/USD.
Support levels: 1700.00, 1690.00, 1682.00
Resistance levels: 1742.00, 1746.00, 1759.00, 1768.00, 1800.00, 1814.00, 1832.00, 1875.00
Trading Tips
Sell Stop 1708.00. Stop-Loss 1727.00. Take-Profit1700.00, 1690.00, 1682.00
Buy Stop 1727.00. Stop-Loss 1708.00. Take-Profit 1742.00, 1746.00, 1759.00, 1768.00, 1800.00, 1814.00, 1832.00, 1875.00
*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।
