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!
Early in the European session, gold is trading around 2,867.80 within the secondary uptrend channel forming since January 29 and within the main uptrend channel forming since January 19.
Yesterday, gold made a strong technical rebound after reaching the low at 2,836. Now the metal is showing positive signals, likely reaching 2,890 in the next few hours.
Gold is showing overbought signs and we could even expect a strong technical correction in the next few hours if the XAU/USD price breaks the uptrend channel and consolidates below 2,847.
The outlook will remain positive above 2,850. So, any technical bounce above this zone will be seen as an opportunity to buy with targets at 2,870 and 2,890.
Strong bearish acceleration is expected to occur below 2,845 and gold could reach 0/8 of Murray located at 2,812 and finally decline to the bottom of the uptrend channel around the psychological level of $2,800.
In the next few hours, the US Non-Farm Payrolls data will be published and we expect strong volatility to occur in the market. So, we should be attentive to the resistance levels at 2,875, 2,890, and even the key level of $2,900.
*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।
