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!
[Gold]
With EMA(50) and EMA(200) condition in a Golden Cross intersection and RSI(14) indicator in the Neutral-Bullish area, then Gold is likely to test its nearest resistance level in the near term.
Key Levels
1. Resistance. 2 : 5298.50
2. Resistance. 1 : 5245.02
3. Pivot : 5184.62
4. Support. 1 : 5131.14
5. Support. 2 : 5070.74
Tactical Scenario
Positive Reaction Zone: If the price holds at 5184.62, Gold is likely to move up toward 5245.02.
Momentum Extension Bias: If 5245.02 is broken, Gold could continue higher to test 5298.50.
Invalidation Level / Bias Revision
The upside bias weakens if Gold falls below 5070.74.
Technical Summary
EMA(50) : 5188.51
EMA(200): 5159.06
RSI(14) : 50.54
Economic News Release Agenda:
Today the United States will release the following economic data:
US - Core CPI m/m - 19:30 WIB
US - CPI m/m - 19:30 WIB
US - CPI y/y - 19:30 WIB
US - Crude Oil Inventories - 21:30 WIB
US - 10-y Bond Auction - 00:01 WIB
US - Federal Budget Balance - 01:00 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.
