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 remains on the back foot below $1,790 amid broad US dollar reboud. Market sentiment is getting sour as virus-linked news battles geopolitical fears, Fed rate hike concerns. Friday's US CPI becomes crucial as inflation expectations improve.
Despite bouncing off a seven-week-old horizontal area, gold stays beneath the 200-DMA, not to forget mentioning the previous support line from late September. The metal's failures to cross short-term key hurdles join bearish MACD signals and Wednesday's Doji candlesticks to keep sellers hopeful.
That said, the 61.8% Fibonacci retracement of September-November upside, near $1,780, precedes the $1,772 level to restrict short-term declines of gold prices.
Following that, multiple levels marked since October 18 challenge gold bears around $1,760-62.
On the flip side, the 200-SMA and the support-turned-resistance line, respectively around $1,792 and $1,798, join the 50.0% Fibo. level surrounding $1,800 to question the gold buyers.
During the quote's sustained run-up past $1,800, the $1,815 and $1,845 levels may offer intermediate halts before directing gold prices towards November's peak of $1,877.
*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。
