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!
The yellow metal is strongly bullish and it seems determined to approach and reach new highs. It's trading at 1,948 at the time of writing far above yesterday's low of 1,907. As you already know from my analyses, XAU/USD is bullish as the Dollar Index dropped again in the short term.
After the US PPI, Core PPI, Retail Sales, and Core Retail Sales came in worse than expected on Wednesday, the price of gold was expected to resume its upwards movement. Today, the US Prelim UoM Consumer Sentiment is predicted at 66.9 points. This is seen as a high-impact event, while Industrial Production and Capacity Utilization Rate is expected to be better compared to the previous reporting period. In my opinion, poor US figures should weaken the greenback and could boost XAU/USD.
Technically, you knew from my analyses that the bias is bullish as long as it stays above the upper median line (uml) and above 1,914.
Now, it has ignored the 1,937 static resistance (upside target) and it seems unstoppable. It has reached the R3 (1,949) which represents an upside target as well.
The aggressive breakout through 1,937 was seen as a bullish signal, the 1,959 historical level represents a major upside target. Taking out this upside obstacle announces an upside continuation.
*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。
