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 $5,158, undergoing a technical correction after reaching $5,220 during the European session, showing a positive bias, although signs of exhaustion in the bullish momentum are evident.
Yesterday, during the American session, XAU/USD made a sharp technical correction from $5,260 to $5,080. From that level, which coincided with the 21 SMA, gold made a technical rebound and is now likely to resume its bearish cycle.
If gold falls below $5,143 in the coming hours, we could expect the downward movement to continue, and it could reach the psychological level of $5,000, which also coincides with the lower band of the upward trend channel.
If there is a break above today's high reached during the European session around $5,220, we could expect gold to continue rising. The instrument could reach +1/8 Murray around $5,312 and even touch the upper band of the uptrend channel around $5,400.
The Eagle indicator is showing a positive signal, and any pullback in gold around $5,140 or towards the psychological level of $5,000 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।
