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!
During Thursday's Asia Pacific trading session, Gold (XAU/USD) remains vulnerable to deeper losses, as the US Treasury yields and the dollar continue to cheer the prospects of a bigger-than-expected fiscal stimulus plan, of about $2 trillion, likely to be announced by President-elect Joe Biden on Friday. Ahead of that, the Fed Chair Powell's speech will hold the key for fresh gold trades.
The technical set-up for gold remains negative with the precious metal is trading in a consolidation mode. Gold is trading in a range of $1,860 to $1,830 in the past days. The current set-up suggests that the November 30 low at $1,764 may come under pressure again which would complete a pattern of lower highs and lower lows off the August 6 high print.
Ever since the bulls are trying hard to stage a comeback but in vain, as the Relative Strength Index (RSI) points south below the midline while holding well above the oversold territory. The RSI is currently seen at 43.90.
The recovery attempts are capped below the pattern support now resistance at the next relevant upside hurdle awaits at the at $1,850-$1,860. Alternatively, the sellers could retest the daily lows, below which the January 11 low of $1817 would be on their radars.
*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。
InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。