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 traded around 3,367, above the 21SMA, and above the 7/8 Murray level, showing a slight recovery after a strong technical correction below 3,387.
If gold consolidates above the 7/8 Murray level in the coming hours, we could expect it to continue rising and could reach the 8/8 Murray level at 3,437 and eventually reach the psychological level of $3,500.
On the other hand, gold is expected to undergo a technical correction. On May 30, it left a gap around 3,284, and if it consolidates below 3,350, it could likely reach this target.
Recent gold trading shows it is losing bullish strength. So, a technical correction is expected in the coming days. Therefore, if the gold price falls below the 21SMA, it will be seen as a signal to sell.
On the other hand, we could continue buying gold if it consolidates above 3,365 in the coming hours. Be careful, as strong volatility could occur at the beginning of the American session due to the release of the US Non-Farm Payrolls data.
*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।
