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 trading around 2,647 with a strong bullish movement. Following the US inflation data released yesterday, gold started a strong technical rebound above 2,602 and is now approaching the strong resistance of 2/8 Murray around 2,656.
Technically, on the H1 chart, gold is overbought. Therefore, a technical correction is likely to unfold in the next few hours. So, the price could reach the level of 2,634.
Gold has strong resistance around 2,652-2,656, the area that coincides with the weekly pivot point. In turn, there is another resistance around 2/8 of Murray, which could stop the upward movement and gold could fall and reach 2,637 in the next few hours. Moreover, it could even return to levels of 2,620.
On the other hand, if gold consolidates above 2,656, our bearish outlook would be invalidated and we could expect gold to reach 2,685 and even 3/8 of Murray at 2,735 in the next few days.
According to the eagle indicator on the H1 chart, we observe that gold has reached the overbought zone, so we will look for opportunities to sell below 2,656 or 2,652.
*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।
