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 is trading around $4,080, reaching the top of the trend channel formed since November 18. It will likely encounter resistance at 4,090 in the coming hours as it is reaching strong resistance levels.
If the bullish force prevails and gold breaks through and consolidates above $4,080, we could expect it to continue rising until it reaches $4,141 in the coming days. The price could even reach the 7/8 Murray at $4,218.
On the contrary, if gold breaks below the 200 EMA below $4,076, we could expect it to continue falling until it reaches $4,062. The price could finally reach the bottom of the downtrend channel around $3,990.
The Eagle indicator is reaching exhaustion levels, so a technical correction is expected in the coming days towards the psychological level of $4,000.
Conversely, a consolidation above $4,100 or $4,080 could be seen as a clear signal to buy in the coming days, with targets at $4,150 and $4,200.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
