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!
Gold is trading around $4,357, below the 8/8 Murray and within the upward trend channel formed since December 10. The H4 chart shows consolidation above $4,325.
Technically, gold is under bearish pressure and is likely to continue its negative cycle in the coming days. We expect it to reach the 200 EMA around 4,269 and then finally reach the 7/8 Murray level around $4,218.
If gold consolidates within the uptrend channel in the coming hours and if the price remains above $4,315, the outlook could be positive, and we could expect it to reach $4,375. Finally, it could reach the 21 SMA around $4,434.
Gold has left a double top pattern formation when it reached the $4,550 levels, which gave gold a strong technical correction. Looking at the facts, it is likely that the bearish sequence will continue in the coming days until the instrument reaches the psychological level of $4,000.
The Eagle indicator is approaching oversold levels, but gold could still be at risk of further declines in the coming days, so we should be cautious and could sell in the event of a pullback below the 0/8 Murray or below the 21 SMA.
*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।
