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 falling after encountering strong resistance around the psychological level of $4,500. The price of gold is now around $4,431, below the 21 SMA, under bearish pressure.
The price of gold is now expected to continue falling in the coming hours until it reaches the 4/8 Murray at $4,375.
In case of a pullback towards $4,451. If the price fails to consolidate above this zone, it will be seen as an opportunity to open short positions with a target at $4,375. In case this support is breached, gold could cover the gap it left around $4,327.
The Eagle indicator is showing a negative signal, but we must be careful as it is approaching oversold levels. Thus, after a strong technical correction, there could be a good technical rebound, and we must be very careful, as there could be a strong recovery in gold around the 4/8 Murray or around the 200 EMA.
If the price consolidates above $4,450, we could expect gold to continue its uptrend and could reach the 5/8 Murray at $4,531 and could even exceed this level and reach the 6/8 Murray level around $4,625.
Our outlook for gold remains bearish for the coming days. Below $4,450, we will continue to sell with targets at $4,375, $4,327, and finally at $4,310.
*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।
