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 American session, gold is trading around 3,122, above the 21 SMA, and within the symmetrical triangle pattern formed from its all-time high at 3,149.
Recent trading suggests that gold is preparing for the most important event of this week: the US nonfarm payrolls, due for release on Friday. We believe this report could favor gold, and the price could reach 3,169 and even +1/8 Murray around 3,203.
Gold is awaiting the official announcement from the US president regarding reciprocal tariffs. This uncertainty is benefiting gold. We believe the instrument could consolidate above the 21 SMA in the coming hours.
The symmetrical triangle pattern observed on the H4 chart shows that gold could experience a strong bullish impulse to reach 3,169, where resistance R_1 is located. Below this area, a technical correction could occur.
Another scenario could be that gold breaks and consolidates below the symmetrical triangle and below the 21SMA around 3,111. Then, the target is seen at the bottom of the uptrend channel around 3,075.
Our trading plan for the coming hours is to sell gold in case of a pullback towards 3,140 or sell if the gold price falls below 3,111, with a target at 3,075.
*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।
