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 3,065, below the 21 SMA, breaking the uptrend channel formed since March 10.
Having reached a new high at 3,167, gold made a sharp technical correction as part of profit-taking, breaking the 21 SMA and momentarily breaking the uptrend channel.
The price made a sharp technical correction after the US president issued the toughest tariffs. Investors believe gold may have reached the end of its safe-haven status and expect that it could resume its bearish cycle after a technical correction. The instrument is expected to reach $2,900 in the coming days and weeks.
Having formed a double top pattern, gold made a technical correction and is now reaching important support around 3,055.
This area represents key support as it coincides with the weekly pivot point. Above this area, gold could rebound over the next few days until it reaches the 21-SMA again at 3,125.
If the gold price returns above the uptrend channel and consolidates above 3,075, the outlook could be bullish, and we could look for buying opportunities with a target at 3,125 (8/8 Murray).
*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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