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Gold is trading around 2,598, retreating after having reached 3/8 Murray (2,617) in the early American session.
Gold has been trading within the bearish trend channel forming since October 31st. The instrument might continue its fall in the next few hours until it reaches 2/8 Murray located at 2,578.
If gold consolidates above 2,590, we could see this as an opportunity to buy with the target around 4/8 Murray located at 2,650. On the other hand, in case the metal falls towards 2,578, we could expect a technical bounce to occur as gold is extremely oversold.
Besides, in case of consolidation above 2,620 on the H4 chart, we could see gold reach the top of the downtrend channel around 2,645.
*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।
