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لیجنڈ!آپ کو لگتا ہے کہ یہ حیرت انگیز بیانات ہے؟ لیکن ہمیں ایسے شخص کو کیا کہنا چاہئے ، جو 18 سال میں جونیئر ورلڈ شطرنج چیمپئن شپ جیتنے والا پہلا ایشین بن گیا تھا اور 19 میں پہلا ہندوستانی گرینڈ ماسٹر بنا؟ ورلڈ چیمپیئن ٹائٹل کے لئے یہ مشکل آغاز تھا جو وشونااتھ آنند کے لئے تھا ، وہ شخص جو ہمیشہ کے لئے شطرنج کی تاریخ کا حصہ بن گیا تھا۔ انسٹا فاریکس ٹیم میں اب ایک اور لیجنڈ!
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Gold managed to recover the early lost to fresh nine-month lows and struggles to retain the rebound from the start of the week as longer-dated US Treasury yields hold above pre-pandemic levels, and looming developments in the Relative Strength Index (RSI) may indicate a further decline in gold prices as the indicator flirts with oversold territory for the first time since November.
From a technical perspective, oversold conditions on short-term charts seemed to be the only factor that assisted the XAU/USD to find some support near the $1,707 region. That said, the bias remains tiled in favour of bearish traders and supports prospects for further weakness.
The overnight rejection near the $1,760-65 support-turned-resistance and the lack of any meaningful buying interest adds to the negative outlook. Hence, any further recovery might still be seen as a correction and opportunity to initiate fresh bearish positions around the XAU/USD.
From current levels, immediate resistance is near the $1,760 region. This is followed by the $1,810, which should cap any further upside.On the flip side, weakness back below the $1,710 immediate support will reaffirm the bearish bias and accelerate the fall towards the $1,700 mark. The downward trajectory could eventually drag GOLD further to the next major support near the $1,675-70 region.
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