Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
[XAU/USD]
The Death Cross position of the EMA (50) with the EMA (200), along with the RSI in the Neutral-Bearish zone that also shows a hidden divergence, suggests that Gold has the potential to continue its decline today.
Key Levels
1. Resistance. 2 : 4287.73
2. Resistance. 1 : 4185.50
3. Pivot : 4108.53
4. Support. 1 : 4006.30
5. Support. 2 : 3929.33
Tactical Scenario:
Pressure Zone: If the price of Gold weakens and breaks down to close below 4006.30, it may test 3929.33.
Momentum Extension Bias: If 3929.33 is breached, there is potential for XAU/USD to move to 3827.10.
Invalidation Level / Bias Revision:
The downside bias is contained if the price of XAU/USD strengthens and closes above 4287.73.
Technical Summary:
EMA(50) : 4123.53
EMA(200): 4132.69
RSI(14) : 46.31 + Hidden Bearish Divergent
Economic News Release Agenda:
Tonight, the following economic data will be released from the United States:
US - Empire State Manufacturing Index - 20:30 WIB
US - Construction Spending m/m - 22:00 WIB
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
