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 seesawed between small gains and minor losses for the second consecutive day and remained confined in a range, around the $1,850-60 region through the mid-European session on Tuesday. Gold struggled for a firm direction.
Meanwhile, the precious metal has been oscillating between two converging trend-lines over the past one-week or so. The range-bound price action now seemed to constitute the formation of a symmetrical triangle, which often marks a continuation of the prior trend.
Given the sharp pullback from monthly tops, around the $1,960 region touched on January 6, the near-term bias remains in favour of bearish traders. That said, the direction of the next major move can only be determined after the occurrence of a valid breakout. Hence, any dip towards the triangle support, currently near the $1,842 region, is more likely to attract some buying. Some follow-through selling will mark a bearish breakdown and drag the XAU/USD back towards last week's swing lows, around the $1,800 mark.
On the flip side, the top boundary of the mentioned triangle, around the $1,865 area, might act as immediate strong resistance. This is followed by the $1,872, above which a bout of short-covering could push the XAU/USD closer to the $1,900 round-figure.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
InstaSpot分析评论将让您充分了解市场趋势！ 作为InstaSpot的客户，您将获得大量的免费服务以实现有效的交易。
