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!
Silver (XAGUSD) has managed to jump above the downtrend line. The breakout signals that the rate may increase in the coming period.
As you can see on the H4 chart, the price has retested the broken downtrend line, dynamic resistance, confirming it as a support, downside obstacle.
Now is trying to stabilize above the 25.276 former high which could signal strong buyers and could bring a new opportunity.
Increasing further and reaching 25.500 psychological level is seen as a buying opportunity. The Stop Loss could be hidden below 23.852 lower low.
*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.
