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 $4,607, showing downward pressure after rebounding above the 21-day SMA and remaining within the uptrend channel.
Since April 29, XAU/USD has been in a recovery phase after reaching $4,500. It is likely to continue rising in the coming days to reach the 7/8 Murray level around $4,687. Gold could even reach the upper band of the uptrend channel around $4,720, which also coincides with the 200 EMA.
If gold rises toward the 21 SMA at $4,596 in the coming hours or finds strong support at the lower band of the uptrend channel, this could be seen as an opportunity to buy around $4,580 and could provide an opportunity to open long positions.
A sharp break below the uptrend channel and consolidation below this zone could lead gold to continue its primary downtrend and reach $4,500; it could even reach the 6/8 Murray level around $4,375.
A consolidation above $4,650 would signal a relief from bearish pressure, and we could expect gold to continue rising in the coming days, potentially reaching $4,700 and even $4,870.
An area to open short positions could be around $4,635. Below this level, we could sell with targets at $4,596, and we could even continue selling until we reach $4,486, where the lower band of the downtrend channel is located.
*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।
