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 now trading around $4,437, rebounding after hitting the daily S_3 level around $4,404 and showing a slight recovery. It is likely to continue rising in the coming days to reach $4,522 and could even reach the upper band of the downtrend channel around $4,540.
After opening this week's trading with a gap, gold underwent a sharp technical correction below $4,578 starting at Tuesday's open, reaching a low of $4,404. Gold will likely recover some of its losses in the coming days.
Given that the Eagle indicator is showing a positive signal, we will look for opportunities to buy gold in the coming hours above $4,437 with targets at $4,522. A decisive break above $4,550 could even lead to a rapid rise to reach the 200 EMA around $4,630.
The outlook remains positive for gold. As long as the metal trades above $4,404, we will buy with targets at $4,554 and $4,630. The Eagle indicator is showing a positive signal, which supports our bullish strategy.
In an extreme scenario, the price could find strong support near the 6/8 Murray line, and this area could be considered a point for a technical rebound and a buying zone.
*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।
