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Gold price is trading around $1,853 inside the 4 hour Kumo (cloud). Short-term trend is neutral as price has entered the cloud. Price is now challenging the tenkan-sen (red line indicator). Near term trend is unclear. Bulls need to push price above $1,870 in order to change short-term trend to bullish. The kijun-sen (yellow line indicator) provides support at $1,837 very close to the lower cloud boundary. Bulls do not want to see price break below the cloud and below the kijun-sen. This would be a bearish signal. The Chikou span (black line indicator) is above the candlestick pattern (bullish). All in all the current market view we have in Gold is unclear of whether a major low is in or this is just a counter trend bounce. Price remains vulnerable to the downside specially if bulls fail to defend $1,837. On the other hand a break above $1,870 will be a sign of short-term strength. If bulls push price above $1,870 we could then see a test of the $1,900 level.
*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।