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 $4,538, near its monthly high and above the 6/8 Murray level, and is likely to continue rising in the coming days, potentially reaching the 7/8 Murray level around $4,609.
Gold found strong support around the 5/8 Murray level, which provided strong momentum for a gain of approximately $90; therefore, we believe it could have the necessary strength to continue rising if the price remains above the 6/8 Murray level.
Conversely, if gold falls below the 6/8 Murray level, we could expect the downtrend to resume, and this could be seen as an opportunity to open short positions in anticipation of a drop to the 5/8 Murray level at $4,453. If bearish momentum prevails, the price could continue to decline until it reaches the lower band of the uptrend channel around $4,430.
The Eagle indicator is showing a negative signal; however, gold is currently in a positive zone, so the 6/8 Murray level favors a continuation of the uptrend. We expect this scenario to continue in the coming days, and we could see gold reach $4,600 or even the upper band of the uptrend channel around $4,650.
Our trading plan for the next few hours will be to monitor whether the price falls below $4,531. If that happens, it could be considered an opportunity to sell, with targets at $4,500, $4,000, $4,880, and $4,453.
*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।
