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]
Gold has the potential to continue its strengthening today toward the nearest resistance level, as confirmed by supporting technical indicators.
Key Levels
1. Resistance. 2 : 5317.93
2. Resistance. 1 : 5230.27
3. Pivot : 5161.91
4. Support. 1 : 5074.25
5. Support. 2 : 5005.89
Tactical Scenario
Positive Reaction Zone: If Gold breaks above 5161.91, the move may continue up toward 5230.27.
Momentum Extension Bias: If 5230.27 is broken, 5317.93 could be tested.
Invalidation Level / Bias Revision
The upside bias weakens if Gold falls and closes below 5005.89.
Technical Summary
EMA(50) : 5165.75
EMA(200): 5108.69
RSI(14) : 61.35
Economic News Release Agenda:
Tonight the United States will release Crude Oil Inventories at 22:30 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.
