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!
If gold consolidates below $4,631—where the 21-day SMA is located—it could be a negative signal, or we could sell until it reaches the lower band of the uptrend channel at $4,600.
A decisive break below the uptrend channel and consolidation below $4,610 could keep the outlook bearish for gold, and it could quickly fall to the 6/8 Murray level around $4,530. Finally, we expect XAU to find strong support around $4,463, near the 5/8 Murray level.
A good entry point for short positions could be waiting for gold to reach the 61.8% Fibonacci level in the coming hours; alternatively, if the price consolidates below the 21 SMA around $4,636, that would be a key trigger to sell.
The Eagle indicator has reached overbought levels, and technically, the main idea could be to sell in the coming days. Gold could trigger a strong downward acceleration only if it breaks below the uptrend channel; in that case, we could expect a sharp technical correction toward the psychological level of $4,500.
*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।
