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 $4,404 above the 8/8 Murray and above the 21 SMA with a bullish bias. Gold left a gap around $4,328 and is likely to fall in the coming hours to cover this gap. The instrument could even reach the 200 EMA around $4,255.
If gold consolidates above $4,375 (8/8), we could expect it to continue rising until the price reaches the 61.8% Fibonacci retracement around $4,450.
There could be a technical correction in the coming hours, and gold could cover the gap left at the close of Friday's session. If the downward pressure prevails, it could continue its decline until it reaches the 7/8 Murray located at $4,218.
As long as the price consolidates above $4,375 and a technical rebound occurs around this area, gold could resume its bullish cycle, and we could expect it to reach $4,445 in the coming days and even return to the +1/8 Murray level at $4,531.
The Eagle indicator is showing a positive signal, so any pullback in the coming hours will be seen as an opportunity to open long positions.
*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।
