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 price is at $1,797. Gold price is below the 4hour cloud. This is a sign of weakness. Gold price is vulnerable to a move lower, unless bulls manage to reclaim $1,810.
The tenkan-sen (red line indicator) resistance is at $1,802.75. The kijun-sen (yellow line indicator) resistance is at $1,809. This is also where we find the lower channel boundary. Bulls need to break above this level in order to have hopes for a move towards $1,855-60. As long as price is below $1,809-10 price will be vulnerable to more downside. As we explained in our last analysis, our expectations are to see Gold form a higher low between $1,880 and $1,890 before moving higher towards $1,855-60.*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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