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!
After a prolonged period of consolidation, the price of gold surged sharply on the back of weak inflation data in the United States, increasing the likelihood of a more active Federal Reserve rate-cutting cycle in the new year 2026. However, this rise may prove to be limited due to the ongoing negotiation process between Washington and Moscow aimed at resolving the Ukrainian crisis.
From a technical perspective, the price may lose its upward momentum, as indicated by the behavior of oscillators on this time frame.
Technical Picture and Trading Idea:
The price is trading above the upper Bollinger Band and above the SMA 5 and SMA 14, which are still supporting the upward trend. The RSI is turning downward from the overbought zone, while the Stochastic indicators have entered this zone.
The price of gold may rise toward the 4452.30 level, from which sell positions should be considered, with a potential decline toward 4351.00. A possible entry point for selling is the 4443.25 level.
*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.
