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!
XAU/USD is trading around $4,335 under downward pressure. Following a technical bounce above the 3/8 Murray level during Tuesday's European session, gold rose to reach the 4/8 Murray level, which coincided with strong resistance from the 200 EMA and the 21 SMA, as well as the upper band of the downtrend channel.
If prices continue to rise in the coming hours and consolidate above $4,375, the outlook could be positive, and we expect a strong upward move to reach $4,453 around the 5/8 Murray level. The instrument could even retrace to the psychological level of $4,500, eventually reaching the 6/8 Murray level at around $4,531.
Below the 200 EMA, gold could remain under bearish pressure. Technically, we could expect it to retest the 3/8 Murray level around $4,296 and eventually reach the 2/8 Murray level around $4,218.
Our outlook for the coming days remains bearish as long as the price trades below the 4/8 Murray level, and we could continue to sell with targets at $4,296 and $4,218.
*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।
