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!
From a technical perspective, the price action observed over the past month continues to be viewed as a bearish consolidation phase, following the break below the 200-day Simple Moving Average (SMA). This suggests that the path of least resistance for XAU/USD remains to the downside, despite the recent rebound from levels just below $4,000.
Momentum oscillators remain in negative territory, confirming that the bears continue to hold the upper hand.
Against this backdrop, any further upside is likely to encounter resistance near the upper boundary of the current trading range, just below $4,200. A sustained breakout above this area could pave the way for further gains toward the 200-day SMA at $4,500, which remains a key barrier for the bulls and a necessary condition for the resumption of a broader upward trend.
The nearest support is located around the recent swing lows at $3,990–$4,000, where buyers previously stepped into the market. As long as XAU/USD remains below the resistance represented by the 200-day SMA, any recovery is likely to be viewed as a corrective move within a broader consolidation or bearish market structure.
*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।
