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!
On Friday, gold (XAU/USD) is struggling to extend its intraday rebound from the $3,960 level and remains capped below the $4,055 level. At the same time, the pair is on track for its fourth straight weekly decline.
From a technical perspective, repeated failed recovery attempts near the 100-period Simple Moving Average (SMA) on the 4-hour chart, along with the drop below the $4,000 level, continue to favor sellers and confirm a short-term bearish scenario.
However, at present, the MACD indicator is showing moderately positive momentum, while the Relative Strength Index (RSI) remains below the neutral 50 level, signaling persistent selling pressure and the absence of a convincing upside reversal.
The nearest resistance is located around $4,055; a breakout above this level would open the way toward the round figure of $4,100. However, further gains are likely to be viewed as selling opportunities and may be capped by the 100-period SMA zone near $4,230.57. Failure to consolidate above this level will keep the short-term bearish trend intact.
*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।
