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 European session, gold is trading around 2,053.97, above the 21 SMA, and above the 200 EMA. On Friday, the US Treasury yields fell sharply, which favored the strength of gold. So, gold gained strong bullish momentum to break its bearish trend channel formed since December 26.
Last week, we saw that gold sharply broke the downtrend channel, quickly reaching 6/8 Murray around 2,062. From that level, there was a technical correction to enable the metal to test the resistance of 2,040 which has now become a strong support.
Given that gold is showing a bullish signal, it is expected that the price can reach the strong resistance zone of 2,062 in the next few hours, which could be seen as a signal to sell with a target at 2,036.
On the other hand, if gold breaks sharply at 2,062, we could expect there an upward acceleration and the instrument could reach 7/8 Murray at 2,093.
If gold continues to trade above 2,036 (21 SMA) in the coming days, any pullback could be seen as an opportunity to buy with targets at 2,062 and 2,080.
*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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