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!
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Gold (XAU/USD) is struggling to build on its moderate recovery from the lows recorded earlier on Thursday, which marked the lowest levels since November 2025. The precious metal is currently holding near the $4,100 level.
From a technical perspective, the recent break below the key 200-day Simple Moving Average (SMA), along with the decline to a new February low, strengthens the bearish outlook for XAU/USD.
The MACD indicator remains deeply in negative territory, confirming the dominance of bearish sentiment. At the same time, the Relative Strength Index (RSI) signals oversold conditions, which may indicate a potential slowdown in downward momentum despite the persistent selling pressure.
The nearest resistance is located near the broken lower boundary of the downward channel, around $4,250. Further resistance levels include the 200-day EMA and SMA at $4,444, followed by the psychological level of $4,500 and then the 50-day SMA near $4,630.
As long as the price remains below these levels, sellers are likely to retain control of the market, and any upward moves will most likely be viewed as corrective rebounds rather than the beginning of a trend reversal.
Immediate support is located at $4,015. A break below this level could accelerate the decline toward the $3,900 level.
*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।
