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!
The price of gold dropped a little today after reaching 2,067 new high. After its amazing rally, a temporary drop was natural. The rate came back to test and retest the near-term support levels before jumping higher again. It's located at 2,042 at the time of writing.
Lanter, the ECB and the US data should bring more action on this market. The Main Refinancing Rate is expected at 3.75%, but the Monetary Policy Statement and the ECB Press Conference should shake the price. In addition, the US is to release the Unemployment Claims and Trade Balance data.
Tomorrow, the NFP, Average Hourly Earnings, and Unemployment Rate data should move the price.
As you can see on the H1 chart, the rate failed to stay above the broken resistance of 2,048 signaling a correction. It has developed a flag pattern inside the ascending channel. The rate escaped from that minor down channel signaling that the retreat ended.
The bias is bullish as long as it stays within the ascending channel's body, above the uptrend line. Now, it challenges the weekly R3 (2,043) static resistance.
Staying above the uptrend line and closing again above 2,048 validates further growth. This suggests a buying opportunity. The former high of 2,067, 2,070 historical level, and the channel upside line represent upside targets if Gold continues to grow.
*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।