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 $4,548 under strong downward pressure, below the 21-day SMA and the 200-day EMA, and within a downtrend channel that has been forming since May 11.
Gold is expected to reach support levels around $4,426, which coincides with the lower band of the downtrend channel, or it could even reach the 6/8 Murray level around $4,375.
If gold recovers above $4,550 in the coming hours, we could consider this zone as a buying opportunity until it reaches the upper band of the downtrend channel at $4,618.
As long as the gold price consolidates below the downtrend channel, this could be seen as a signal to continue selling in the coming days.
A decisive break above $4,620 could push the gold price back toward $4,760 and could even reach the 8/8 Murray level around the psychological $5,000 mark.
The Eagle indicator is showing a negative signal. So, in the event of a recovery and as long as the price trades below $4,620, this could be seen as a signal to continue selling in the coming days.
*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.
