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 rebounded and recovered after yesterday's minor sell-off. It's trading at 1,901 at the time of writing and it seems determined to hit new highs if the Dollar Index drops deeper. You knew from yesterday's analysis that Gold announced a potential reversal.
Today, the services and manufacturing figures should move the rate. The Eurozone, German, and UK data should bring action in the European session. Later, the US Flash Manufacturing PMI is expected at 48.9 points versus 49.0 points in the previous reporting period, while Flash Services PMI could be reported at 52.1 points in August and below 52.3 points in July. Furthermore, the US New Home Sales and the Canadian retail sales data could have an impact as well. Poor economic data should lift XAU/USD. In my opinion, only better-than-expected US data could force the price to drop again.
XAU/USD retested the ascending pitchfork's lower median line (LML) and now it has reached the 1,903 static resistance again.
As long as it stays above the LML, Gold could extend its upwards movement. Still, only a valid breakout through 1,903 activates further growth.
A bullish closure above 1,903 could be seen as a buying signal as XAU/USD may approach and reach new highs.
*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।
