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!
From a technical standpoint, gold is managing to hold above the 200-period Simple Moving Average (SMA) on the 4-hour chart, which serves as a key support level. Given that oscillators on the same chart are in negative territory, a decisive break below this level would open the way for gold to reach interim support at 3315 dollars, followed by the key psychological level of 3300 dollars. Further selling from there could serve as a new trigger for bears, paving the way for additional short-term price declines.
On the other hand, any price increase above 3358, or the 100-period SMA, would face strong resistance around 3380. A sustained move above this area would allow the precious metal to make another attempt to test the key 3400-level. Buying above last week's high, in the 3409–3410 level, would negate the negative outlook, pushing prices toward the next major barrier around 3420–3422. The upward momentum could then extend toward the 3434–3435 level. If this zone is decisively breached, the historical high at the psychological level of 3500, reached in April, would come into view.
*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।
