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!
Blue lines- bullish channel
Red lines- triangle pattern (broken upwards)
Black lines- bearish RSI divergence
Gold price is trading around $2,020. Short-term trend is bullish as price continues trading inside the upward sloping blue channel since October of 2022. Price has broken out of the triangle pattern providing a new bullish signal. Our target as we mentioned in previous posts was around $2,050-60. So far price has bounced as high as $2,031.Despite the new higher high in price, the RSI did not follow. The RSI has provided a bearish divergence. This is only a warning and not a reversal signal. Support is found at the base of the triangle pattern around $1,981. Holding above this level is key for the short-term trend. I believe we are at the final stages of the upward move that started back in October 2022. Upside potential is towards $2,050-60. Downside potential of a pull back is towards $1.880.
*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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