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!
Good day, esteemed traders! I present to you a trading idea for gold.
Thus, after the powerful short initiative during the Asian session, the instrument has shifted to a long correction and is now testing the short breakdown zone, from which a continuation of the short trend may happen.
I suggest considering short positions on a pullback to the short breakdown level.
Set the risk limit at 4753. Take profit on a breakout at 4729.
The second and third target levels should be set at 4667 and 4640, respectively.
This trading idea is framed within the "Price Action" method and "Stop Hunting."
Wishing you success in trading, and remember to manage your risks!
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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