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 $4,329 below the 6/8 Murray level and bouncing after reaching the lower band of the descending trend channel around $4,268. Given that, after last week's non-farm payrolls report, the instrument left a gap around $4,375, this could be the target for further gains in the coming hours, with the price potentially reaching the 21-period SMA around $4,399.
Technically, gold is showing a positive signal, so a pullback towards $4,300 or $4,270 could be seen as a buy signal in the coming hours.
A consolidation above the 6/8 Murray level could signal a bullish scenario for gold, and we could continue buying in the coming days, with targets at the upper band of the ascending trend channel around $4,478.
The Eagle indicator is showing positive signs, so if gold reaches the S_1 support level around $4,280 or the daily S_2 support level around $4,231 in the next few hours, we could look to this area as a potential long position, with targets around $4,557 in the coming days.
Conversely, we could look to the area between $4,399 and $4,375 as a potential short position. Below this area, there is strong resistance, and we could sell with targets around $4,270.
*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.
