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!
Today, gold fell below the round level of 4,300.
From a technical perspective, the XAU/USD pair maintains a bearish bias, moving within a downward-sloping parallel channel and remaining below the 200-day SMA. An additional signal comes from the negative MACD dynamics, indicating strengthening downward momentum. The Relative Strength Index (RSI), hovering near the 30 level, reflects sustained selling pressure, although its proximity to oversold territory may limit further downside.
The upper resistance boundary is located around the 200-day SMA at approximately $4,439, while the channel resistance line near $4,560, along with the 50-day SMA, represents a more significant barrier as long as the downtrend persists. On the lower side, initial support is located around $4,260; a decisive break below this level could open the way for a deeper correction within the current bearish structure.
*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.
