Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Gold prices dropped to fresh intraday lows around $1,934 on Friday, breaking below the counter trend line support as seen on 4H chart here. Please note that potential still remains for a drop through $1,920 initial support before producing a meaningful pullback. The yellow metal might have produced a meaningful downswing between $1,998 and $1,934 now.
Gold has carved a potential lower high around $1,998, which is extremely close to the Fibonacci 0.618 retracement of its earlier downswing between $2,070 and $1,890 levels respectively. If the above structure holds, prices should ideally stay below $1,998 mark and continue dragging lower through $1,676 and deeper.
Gold structure is presenting a bearish outlook with its downswing between $2,070 and $1,890, which is followed by a corrective rally towards $1,998 levels. Ideally, a sharp decline should unfold from here with prices staying below $1,998 mark. Intraday pullbacks remain possible and they should be seen as opportunities to initiate fresh short positions.
Potential drop through $1,676 against $2,080
Good luck!
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
