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 $5,377 with a positive bias after covering the gap left on Friday, February 27. The metal could now continue its rise in the coming hours until it reaches the top of the downtrend channel around $5,450.
Fundamental data is generating considerable fear in the markets, so gold is expected to continue rising in the coming days and could even reach the +2/8 Murray around $5,625.
If gold encounters strong resistance around the upper band of the uptrend channel located at $5,445, it could be seen as a signal to sell around this area with targets at $5,262, where the 21 SMA is located.
A sharp break below the 21 SMA and a break below the uptrend channel and consolidation below $5,250 could push it quickly down to the psychological level of $5,000, which in turn coincides with the 200 EMA and the 8/8 Murray, representing strong support for the asset.
The Eagle indicator has reached overbought levels, so gold will likely undergo a series of technical corrections below its weekly high in the coming days.
*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।
