Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Gold is trading around $4,551 after reaching $4,600 during the European session. It is now consolidating below this level, which also coincides with the upper band of the downtrend channel formed since March 6. A technical correction is likely to occur in the coming hours toward the 21-day SMA at $4,452.
In case of a pullback toward $4,600, this zone could offer a good opportunity to sell, with targets at $4,520, $4,480, and $4,452. Gold is ultimately expected to drop to the 6/8 Murray level around $4,375.
The 61.8% Fibonacci retracement from the recent low of $4,098 to the high of $4,603 is located around $4,311. If gold struggles to rise above $4,600, a technical correction toward this zone is likely in the coming days.
If gold settles above $4,600 and breaks above the downtrend channel, this could support a recovery in gold, and we could expect it to reach the 7/8 Murray level around $4,687, potentially reaching the 200 EMA around $4,900.
The Eagle indicator is showing a positive signal, so we will look for opportunities to buy above the 21SMA or in case of a pullback toward the 6/8 Murray level, with a target at the 200 EMA around $4,900.
*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।
