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 $4,141 within an uptrend channel that has been forming since June 29 and is reaching resistance levels around $4,204. Gold has attempted to break through this zone three times without success, so we are now seeing a strong technical correction that could enable a further fall in the coming days until the instrument reaches the 2/8 Murray level.
The Eagle indicator has reached overbought levels, and gold is likely to continue falling in the coming days until it reaches the lower band of the uptrend channel around the psychological level of $4,000.
Conversely, if gold returns to $4,200 or $4,218—where the 3/8 Murray level is located—in the coming hours, this zone could be seen as a good point to open short positions.
The 21 SMA is around $4,116; this dynamic support level could offer a good entry point for long positions if gold consolidates in this zone over the next few hours. This could be seen as a buy signal with a target at $4,218. The instrument could even reach the 200 EMA around $4,257.
*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.
