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 $3,961 under downward pressure after starting the week with a drop below the 2/8 Murray level. Technically, gold could continue to fall in the coming days until it reaches the lower band of the downtrend channel around $3,790; it could even reach the 0/8 Murray level around $3,750.
This decline in gold has brought prices to levels last seen in November 2025. Consolidation is likely to occur in the coming days around $3,750 and below $4,062.
If gold recovers to the psychologically important $4,000 level and consolidates above $4,062, the outlook could turn positive, potentially leading to a recovery toward the 21 SMA at $4,166 and eventually reaching the 3/8 Murray level at around $4,218.
A decisive break above $4,218 could be a positive signal for gold, potentially driving it toward the 200 EMA around $4,418.
Our outlook for gold is positive in the coming days, as it has technically reached oversold levels. So, the odds are for a technical rebound above the low at about $3,942.
Gold has a key support level around $3,906. However, this 1/8 Murray zone is a very weak level, so every time it reaches this zone, bearish pressure could prevail and push prices down to $3,790.
*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.
