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 (XAU/USD) continues its decline toward the March low. The escalation of military confrontation between the United States and Iran is increasing inflation risks and supporting expectations of monetary policy tightening by central banks, which is driving outflows from the non-yielding precious metal.
Additional downward pressure is being generated by technical selling following the break below the key 200-day Simple Moving Average (SMA). At the same time, the current decline is largely ignoring the weakening of the U.S. dollar, which would typically provide support to commodity assets.
From a technical perspective, the recent break below the 200-day Simple Moving Average (SMA) has created favorable conditions for bears. Moreover, consolidation below the 200-day SMA reinforces the negative short-term outlook and increases the likelihood of further price declines. Oscillators remain negative, while the Relative Strength Index (RSI) is already in oversold territory. Taken together, these factors leave gold vulnerable to further downward movement, with the potential for a retest of the March low around $4,100. The nearest resistance is located at 4,260, followed by the 200-day EMA and SMA.
*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।
