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 $4,659 under downward pressure after reaching a high of $4,696. On the chart, we can see that a technical bounce has occurred toward the 61.8% Fibonacci level. If the price remains below the 8/8 Murray line, we could see it preparing for a continuation of the downward trend.
In the coming hours, we could sell gold below $4,670, as we observe a small downtrend channel forming from its high of $4,696. The instrument could likely reach $4,630 and $4,600 over the next few hours. Ultimately, gold could fall to the 5/8 Murray level around $4,531.
Gold has strong support around $4,512; this level, in turn, lies above the psychological threshold of $4,500, so it could provide solid support and might be seen as an opportunity to open long positions only if a technical rebound occurs in this zone.
If gold continues to rise in the coming hours and reaches the 6/8 Murray level around $4,687. If it fails to break above this zone, we could view this as an opportunity to open short positions in anticipation of a drop to $4,500 in the coming days.
Our trading plan for the coming hours is to sell gold below $4,687 or $4,670, with targets at $4,620, $4,570, and $4,531; the Eagle indicator is showing a negative signal.
*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।
