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 remains on a downward trajectory amid mixed fundamental factors. U.S. dollar strength is a key barrier to further gains in the precious metal. At the same time, an agreement between Iran and the United States to hold talks in Oman on Friday has reduced geopolitical escalation risks, while a decline in gold consumption in China in 2025 is further constraining the upward potential of the asset.
According to a state association, gold consumption in China fell by 3.57% in 2025 to 950.096 metric tons. Meanwhile, domestic gold production increased by 1.09% year over year, reaching 381.339 metric tons.
Supporters of a U.S. dollar rally are refraining from aggressive long positions due to expectations of interest rate cuts by the Federal Reserve, reinforced by a weak Automatic Data Processing (ADP) report on Wednesday and negative U.S. labor market data released today.
Donald Trump's appointment of Kevin Warsh as Chairman of the Federal Reserve strengthened expectations of a less dovish central bank policy, giving the dollar positive momentum.
However, Trump clarified that he would withdraw Warsh's nomination if he supported rate hikes and expressed confidence that the Federal Reserve would inevitably cut rates.
In addition, the market continues to price in two additional borrowing cost cuts in 2026, a view reinforced by disappointing U.S. private-sector employment data released on Wednesday.
This has allowed gold to avoid a sharp sell-off. Geopolitical tensions are also helping to limit declines in the safe-haven asset. Under these conditions, it is advisable to wait for a sustained acceleration in selling before opening positions aimed at a prolonged correction from the all-time high.
From a technical perspective, yesterday's drop below the psychological 5,000 level and today's continuation of the decline favor bears. However, oscillators on the daily chart remain positive, and the MACD histogram moving lower below the signal line indicates that downward momentum is weakening. Therefore, if prices hold above the 4,800 level and the 20-day SMA, bulls will retain a chance to stay in control of the market.
If prices fall below these levels, bears will take control of the situation.
*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।
