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!
Forecast for August 9:
Analytical review on the scale of H1:
For Gold, the key levels on the scale of H1 are: 1224.43, 1219.21, 1214.61, 1211.58, 1206.05, 1202.29, 1197.59 and 1194.35. Here, after the lifting of the upward structure of August 3, we follow the formation of the local structure of August 3. The continuation of the movement downwards is expected after the breakdown of 1206.05, in this case, the target is 1202.29, near this level is the consolidation. The breakdown of the level 1202.00 should be accompanied by a pronounced downward movement, here the target is 1197.59, in the corridor 1197.59 - 1194.34 consolidation, and hence the probability of a turn in correction is high.
The short-term upward movement is possible in the corridor 1211.58 - 1214.61, the breakdown of the latter value will lead to an in-depth correction, here the target is 1219.21, this level is the key resistance for the subsequent development of the upward trend.
The main trend is the equilibrium situation.
Trading recommendations:
Buy: 1211.60 Take profit: 1214.20
Buy: 1215.00 Take profit: 1219.00
Sell: 1206.00 Take profit: 1203.00
Sell: 1202.00 Take profit: 1198.00
*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.
