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!
Gold prices remain under pressure, reaching levels last seen in September. However, the decline has slowed today due to a correction in the US dollar.
Donald Trump's proposed increases in import tariffs may accelerate inflation, potentially prompting the Federal Reserve to pause its monetary easing cycle. Additionally, recent inflation data indicates a slower-than-expected decline in price levels. This dynamic continues to support elevated yields on US Treasury bonds, shifting investor interest away from gold.
The overnight break below the psychological level of $2,600 was perceived as a new catalyst for bearish momentum. Combined with negative oscillators on the daily chart, this indicates that the most likely direction for gold prices remains downward. A further decline below the 100-day SMA, currently near $2,542, is highly probable. If this level is breached, it could pave the way for an extended sharp pullback from recent historical highs, potentially exposing the $2,500 psychological level.
Recovery efforts are expected to encounter resistance near the previous day's high around the $2,581 level, followed by the $2,600 psychological threshold. Sustained strength above this point could trigger a short-covering rally toward the key resistance level at $2,630. If this barrier is overcome, the next significant hurdle lies in the $2,660 level.
*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।
