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 experiencing a modest intraday increase, although it remains below the record high reached earlier this week. However, the lack of momentum is limiting further upside movement.
Investor concerns over the potential consequences of President Donald Trump's trade tariffs—which could trigger a global trade war—continue to support demand for safe-haven assets like gold.
Additionally, the decline in U.S. Treasury yields is weighing on the U.S. dollar, pushing it toward a weekly low, which in turn is boosting gold prices.
Expectations that Trump's protectionist policies could further exacerbate already high U.S. inflation make gold an attractive hedge against rising prices. However, Wednesday's stronger-than-expected Consumer Price Index (CPI) reaffirmed that the Federal Reserve may maintain its hawkish stance, which limits gold's upside potential.
Today, attention shifts to the Producer Price Index (PPI) for further trading opportunities.
From a technical perspective, the daily Relative Strength Index (RSI) remains in overbought territory, signaling the need for caution before initiating new long positions.
Bulls are likely to pause near the all-time high in the $2942–$2943 zone, reached on Tuesday, which now serves as a key resistance level.
If gold prices fall below the psychological level of $2900, this could open the way for a decline toward yesterday's low near $2864.
Further downside pressure could accelerate a corrective pullback, with intermediate support around the $2834–$2832 region, before testing the next major support level at $2800.
*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।
