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 climbed to its strongest level since August 2020 above $2,000 on Monday but lost its traction heading into the American session. XAU/USD was last seen trading below $1,990, pressured by a more-than-2% increase in the benchmark 10-year US Treasury bond yield.
Gold price has recovered ground once again above the strong resistance of $1,995 where the pivot point one-month R1, pivot point one-week R1, and the previous high are located on the four-hour chart.
The pivot point one-day R2 at $1,998 will guard the immediate upside movement, above which buyers will retest the multi-month high at $2,001.
On buying resurgence, gold price could advance towards the Bollinger Band upper boundary at $2,007 on H1 before resuming storming the level of $2,022.
That level is the confluence of the pivot point one-week R2 and the pivot point one-day R3.
The next resistance is aligned at the pivot point one-day R3 at $1,964. Should buyers regain a strong foothold above the latter, then a rally for a retest of 13-month high of $1,975 cannot be ruled out.
Gold bulls will then gear up for a fresh upswing to conquer the $2,000 mark.
On the flip side, fierce support is seen at $1,982 where the pivot point one-day R1 coincides with the SMA5 on H4.
The previous month's high of $1,975 will be tested once again if the correction picks up pace. The last line of defense for gold bulls is the daily low of $1,972.
*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。
