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!
A lot depends on the Fed meeting this week, where a significant increase in the interest rate and acceleration in the pace of monetary policy tightening could happen. Most likely, the decisions will strengthen the bullish trend in dollar, which, in turn, will negatively affect gold.
The yellow metal already closed with a pin bar last week, confirming its bearish trend.
If the sell-offs continue, gold will most definitely drop to $1,675.
The best move in that situation is to take long positions with fixed stop losses, or to pay attention to the trend and, if there are intraday signals, take a short position.
These plans are based on the Price Action and Stop Hunting strategies.
Good luck and have a nice day!
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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