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!
Today, Monday during the European session, as well as on Friday, the XAU/USD pair demonstrated some stability below the 200-period simple moving average (SMA) on the 4-hour chart. However, the absence of further growth calls for caution from the bulls.
Moreover, the oscillators on the same chart are negative, warning that before opening long positions and preparing for further growth toward the $4150–4145 resistance, it is advisable to wait for the price to strengthen above the round $4100 level. This momentum could continue, allowing the precious metal to attempt another break above the round $4200 level.
On the other hand, weakness below the 200-period simple moving average around $4062 and the 100-period simple moving average on the 4-hour chart, which is currently near $4044, may find support close to Friday's low around $4032. Next comes the psychological level of $4000. A decisive break below it would make the price of the yellow metal vulnerable, accelerating the decline toward the intermediate support at $3931 on the way to the round $3900 level and the October low near $3886.
*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।
