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!
Markets halt movement as traders and investors await clarity on the prospects of the Fed easing interest rates. Any vague statements from Fed Chairman Jerome Powell could negatively impact it, supporting dollar's exchange rate, which could also be the basis for continued correction in gold prices.
Earlier, geopolitical tension in the world and the expectation of lower rates drove prices to new highs. However, the postponement of the latter will provoke a continuation of correction in gold, playing out the technical overbought scenario. The other situation can occur only if Powell finally gives in to the markets and announces a plan for interest rate cuts this year.
Technical picture and trading idea:
The price currently lies in the middle line of the Bollinger Bands, above the SMA 5 and SMA 14. The RSI fell below the 50% level, while the Stochastic indicator turned down again.
Breaking through the support level of 2146.00 will strengthen the downward trend, leading to a fall to 2117.15, which corresponds to a 38% Fibonacci correction.
*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।