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 trading at $1,758. In the Daily chart price is trying to enter the Ichimoku cloud. Price is still below the cloud and this means that bulls have still not taken control of the short-term trend despite the strong bounce from $1,720 to $1,770.
Price is trapped between the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Support by the tenkan-sen is at $1,748. A daily close below this level will be a sign of weakness. Resistance is at $1,769 by the lower cloud boundary and at $1,777 where we find both the kijun-sen and the upper cloud boundary. A bullish signal on a Daily basis will come when and if price breaks above $1,777.*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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