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!
Blue lines- Fibonacci retracement levels
Gold is under pressure for a second day in a row. Price has just slipped below the 23.6% Fibonacci retracement as expected. In previous posts we noted that Gold price is vulnerable to a move lower. The RSI is turning lower from overbought levels. Next downside target is at $1,930 where we find the 38% Fibonacci retracement level. There are high chances that the entire upward wave from $1,809 is complete and that we are in a corrective pull back phase. That is why we use the Fibonacci retracement tool, in order to identify key support levels.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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