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!
Early in the European session, gold (XAU/USD) is trading at 2,582 within the uptrend channel forming since September 12, above the 6/8 Murray, and above the 21 SMA located at 2,576. The metal has been following a strong uptrend, but a technical correction could occur.
Technically, gold is trending upwards and is expected to continue to rise in the coming days until it reaches 7/8 Murray around 2,613 or the psychological level of 2,600.
On the H1 chart, we can see that gold is approaching the overbought zone. Therefore, a strong technical correction could occur if the price consolidates below 6/8 Murray and below 2,575. Then, the instrument could fall and reach 5/8 Murray at 2,538 and, finally, the 200 EMA located at 2,526.
Since gold had a strong bullish movement last week, a technical correction is expected this week. For this, we could look for opportunities to sell in case gold falls below 2,576.
*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।