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 around $1,904. Gold price is in a bearish trend according to the Ichimoku cloud indicator. We warned traders that price was challenging important resistance levels and that trend has not changed yet. On the contrary price yesterday got rejected at cloud resistance and closed below both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). The Chikou span (black line indicator) remains above the candlestick pattern (bullish) but with a negative slope. According to the Chikou span, next support level is at $1,894. We warned traders that a rejection will be another sign of weakness and more downside should be expected for Gold price. As long as we trade below the Kumo, bears remain in control and lower levels should be expected. Resistance at $1,936 remains key for the Daily trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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