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 $4,530, above the 21-day SMA and within the uptrend channel formed since March 23. If gold pulls back toward the 200-day EMA in the coming hours, it will be seen as an opportunity to buy above $4,484.
This zone, where the 21 SMA is located, coincides with the lower band of the uptrend channel, and a rebound above this zone is likely to offer a buying opportunity in the coming hours.
Gold has bullish potential and is expected to continue rising in the coming days to reach the 61.8% Fibonacci retracement level toward the $4,687 zone. XAU/USD could even climb to the 100% Fibonacci extension level around $4,875, which coincides with the 200 EMA.
If, in the coming hours, gold breaks below the psychological level of $4,500 and consolidates below $4,484, we could expect a continuation of the downward movement, with the price potentially finding support around $4,375.
Given that gold has a positive outlook, we will look for opportunities to buy at current price levels around $4,530 or around $4,484, with targets at $4,600 and $4,687.
*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।
