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Gold is trading around $4,059, rebounding after reaching the 200 EMA around $4,026 and also reaching the bottom of the uptrend channel located at $4,019.
Gold could continue its rise in the coming hours and reach the daily resistance zone around $4,081. If it breaks this level, it could continue its rise to $4,145.
If gold consolidates above the 21 SMA and 6/8 Murray in the coming hours, we could open long positions, with short-term targets around $4,218. The instrument could even reach $4,311.
An obvious change in the trend for gold could be confirmed if the price decisively breaks the uptrend channel and consolidates below the 200 EMA located at $4,026. It could even fall to the 5/8 Murray located around $3,906.
The Eagle indicator is giving a negative signal, so if the price reaches resistance levels such as $4,081 or $4,120, it could be seen as an opportunity to plan short positions with a target at the psychological level of $4,000.
*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।