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 changed little in the short term even if the USD extended its growth. It's trading at 1,904 at the time of writing, above 1,902 yesterday's low. The downside pressure is high, so XAU/USD could drop deeper despite temporary rebounds. Actually, a minor increase could bring us new selling opportunities.
Fundamentally, the US data could be decisive today. The Final GDP may report a 1.4% growth versus the 1.3% growth in the previous reporting period, Unemployment Claims and Final GDP Price Index could remain unchanged, while Pending Home Sales is expected to report a 0.5% drop. In addition, the German Prelim CPI could be released as well today and could have a big impact as well.
As you can see on the H1 chart, the rate retested the broken 1,910 support and now it stands right above the 1,902 former low. This represents a downside obstacle. In addition, the weekly S1 (1,901) represents a static support as well.
False breakdowns below the immediate support levels may announce a potential bounce back. Still, you already know from my analyses that the bias remains bearish as long as it stays below the median line (ml).
A bearish closure below the S1 (1,901) opens the door for a downside continuation. This is seen as a bearish signal with the next target at the S2 (1,881).
*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।
