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, XAU/USD is trading around 3010.85, below the bearish trend channel forming since early April and bouncing off the low of 2,948.
Gold is trading above the 200 EMA and above the 6/8 Murray, which means the metal could continue its rally in the coming days, potentially reaching the 7/8 Murray at 3,046 and even testing the top of the downtrend channel around 3,070.
If gold falls below 3,020 in the coming hours, we could expect a technical rebound around the 200 EMA located at 2,993 or 2,965 (6/8).
If gold consolidates below the 200 EMA, we could expect it to again reach the 6/8 Murray at 2,968, and this area could even serve as a good point for a technical rebound.
Gold is expected to continue its uptrend in the coming hours. Should it break above 3,020, we could expect it to continue rising to 3,046, 3,051, and eventually reach 3,070.
Our trading plan for the coming hours is to sell gold below 3,020, as technically there is a bearish trend channel. If gold fails to break above this level, it will be seen as a signal to sell.
The eagle indicator is showing a bullish signal, so we must be cautious, as gold could continue rebounding in the coming days.
*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।
