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!
Early in the American session, gold is trading around 3,032, undergoing a strong technical correction after reaching a new all-time high around 3,057.
Despite selling pressure from profit-taking, it could resume its bullish cycle if the price consolidates above the 21 SMA located around 3,023 in the coming days.
On the H4 chart, we can see that gold is still within an uptrend channel forming since March 10, which means that after a technical correction, traders could buy gold again. Regarding technical levels, we can see that gold has strong resistance around 3,062. Breaking above this level, the instrument could reach the 8/8 Murray level at 3,125.
A consolidation below 3,023 (21 SMA) and a breakout of the uptrend channel could change the outlook for gold in the short term.
We could see a technical correction towards the psychological level of $3,000 during which the metal could even reach the 6/8 Murray level located around 2,968.
The eagle indicator is now giving a negative signal. So, as long as the gold price remains below $3,057, any technical rebound will be seen as a selling opportunity.
*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।
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