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 prices might have carved an interim low around $1,850 levels on Tuesday. The yellow metal bounced back sharply thereafter, raising through $1,880 levels before finding resistance again. Prices have eased off a bit and the yellow metal is seen to be trading close to $1,864 at this point in writing after carving a higher low at $1,861.
Gold has also bounced off its trend line support connecting $1,750 and $1,783 supports. The entire drop between $2,070 and $1,850 might be seen as a corrective zigzag. Hence, the probability remains for a bullish resumption from here. Please note that $1,920 potential resistance remains critical going forward. A break there would encourage a bullish structure.
On the flip side, if prices break below the trend line support and $1,850, it could open the door to testing the $1,800 and $1,780 support levels in the near term. It would also confirm that the larger degree trend has reversed and Gold prices are heading towards $1,676 in the next several trading sessions.
Potential rally towards $1,930 and $1,950 against $1,780
Good luck!
*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。
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