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!
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Early in the American session, gold is trading within the bullish trend channel forming on the H1 chart since early February, above the 21 SMA, and below its all-time high.
During the European session, gold reached a high of 2,939. From that level, the instrument is undergoing a technical correction. Gold will likely make a technical rebound if it consolidates around 2,928 (21 SMA).
In case the bullish trend continues, we could expect it to surpass a high of 2,942 and even reach 6/8 Murray located at 2,968.
If gold breaks the strong resistance of 6/8 and continues its rise, in this case, the price is likely to reach $2,975 (R_3). Once it is surpassed, the price could reach the psychological level of $3,000.
The eagle indicator is showing a positive signal on the H1 chart. So, we expect the metal to continue rising in the coming days.
A technical correction could affect gold if the price breaks below 2,925 (21 SMA). Afterwards, it could approach the bottom of the uptrend channel around 2,892.
*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।
