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 4,671, consolidating after reaching 6/8 Murray at 4,687. Gold encountered strong resistance in this area and is likely to undergo a technical correction toward the 21 SMA located at 4,621 in the coming hours.
At the opening of trading this week, gold left a gap from Friday's close at 4,596 to 4,655. It is likely that in the coming hours, gold will cover this gap and could reach levels of 4,575, where the bottom of the uptrend channel formed since the end of December is located.
If the bullish momentum prevails, we should expect gold to consolidate above 6/8 Murray, and it could then reach the top of the uptrend channel around 4,758.
The Eagle indicator is showing a negative signal, so we expect gold to make a strong technical correction towards the 21 SMA and the bottom of the uptrend channel around 4,570 in the coming hours.
We could see this scenario as an opportunity to sell below 4,671, with targets at 4,621 and 4,670, as a technical correction is technically expected in the coming hours.
In the short term, we expect gold to continue falling and could cover the next gap left around 4,515. A sharp break below the uptrend channel would favor gold to cover this gap.
If we look at the H4 chart, gold has been testing and respecting its uptrend channel, so a break of this channel could accelerate the fall in gold.
*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।
