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 price bounced as expected but price remains under pressure. Gold continues to hold above the 4 hour Kumo (cloud) support. As expected price bounced strongly higher today, but the bounce was short-lived.
Gold price continues to trade above the Kumo. This means that there is still hope for bulls to see price move higher. Support is at $1,762. Resistance by the tenkan-sen (Red line indicator) is at $1,772 and by the kijun-sen (yellow line indicator) at $1,778. Bulls need to defend cloud support and eventually break above $1,778 in order to produce a new bullish signal. Gold's price action today is not very favorable to bulls. Gold produced a lower high today and if price breaks below $1,760-55 area, then we will get a new bearish signal. Traders need to be cautious.
*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。
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