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!
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Gold price is still in a neutral trend according to the Ichimoku cloud indicator. Price remains inside the Daily Kumo (cloud). Price is trading marginally below the tenkan-sen (red line indicator). The kijun-sen (yellow line indicator) provides resistance at $1,989. Trend will change to bullish if price breaks out and above the cloud. Cloud resistance is at $2,020. As long as price remains below the tenkan-sen, Gold will remain vulnerable to a move lower towards the lower cloud boundary and key short-term support at $1,942. The Chikou span (black line indicator) remains below the candlestick pattern (bearish).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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