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 traded around $4,025, consolidating after hitting a low of $4,009 during Tuesday's US session and today's Asian session, which suggests it may be facing strong support and could resume its uptrend in the coming days.
A technical rebound above the psychological level of $4,000 could allow gold to reach $4,059 and might even push the price to the upper band of the downtrend channel around $4,070.
A decisive break above the 21 SMA, above the 6/8 Murray level, and above the downtrend channel could be a positive scenario for gold, and we could expect it to return to $4,133 and eventually reach the 3/8 Murray level around $4,218.
If bearish pressure prevails, we could expect gold to reach the strong resistance at $4,062 before resuming its downtrend.
In the event of a bearish move in gold—specifically, a drop below $4,000—we would expect it to reach the July 13 low of around $3,983 in the coming days; ultimately, we expect it to reach the lower band of the downtrend channel around $3,965.
*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।
