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!
The encounter with the weekly mid-term trend support level at 2537.92 significantly impacted the market. Bullish players leveraged the strength of the weekly Kijun line to nearly erase the losses incurred over the prior two weeks. This development raises the possibility of reversing the recently formed daily Ichimoku dead cross (2692.84).
If bulls maintain their momentum and effectiveness, the psychological levels of 2750.00, 2800.00, 2850.00, 2900.00, and the all-time high of 2789.48 may become achievable targets. However, should the bulls lose steam or pause, the supports of the daily Ichimoku dead cross, currently positioned at 2692.84, 2662.95, and 2633.06, could come into play. Additionally, the weekly short-term trend (2662.95), which shifted from resistance to support at the end of last week, now strengthens these Ichimoku levels.
On lower timeframes, gold's activity has fueled a sustained uptrend. Bulls breached the H4 Ichimoku cloud throughout this upward momentum and established a bullish target. Consequently, the bullish targets on lower timeframes—represented by the resistances of classic Pivot Points—now include the H4 target levels of 2727.93 – 2749.22.
The most critical level on the lower timeframes is around 2640.36 (weekly long-term trend). This level, along with the classic Pivot Point supports, will bolster gold in a corrective decline. However, a breakthrough and reversal of the trend at 2640.36 would shift the balance of power in favor of bearish players.
For intraday movements, the supports and resistances of classic Pivot Points serve as key references. Their positioning updates daily, with new values becoming available shortly after the market opens.
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Higher Timeframes: Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels
H1: Pivot Points (Classic) + Moving Average 120 (weekly long-term trend)
*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।
