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!
Closing last week's trading occurred below the weekly control zone 1470.58-1466.08. This indicates a continued downward movement in the medium term. It is important to note that the level of 1449.34 is the upper boundary of the zone of the average monthly course. Its test will significantly increase the likelihood of a large demand.
At the beginning of the week, the decline remains a priority movement, so you will need to search for levels to fully consolidate the short position. Such a mark, as already discussed above, will be the level of 1449.34.
An alternative model will be developed if a sharp rise in the price of gold begins. This will be possible when approaching the monthly control zone. In order to consider purchases, the formation of a false breakout pattern of the Friday low is necessary. The first goal of growth will be WCZ 1/2 1480.55-1478.30.
Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.
Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which change several times a year.
Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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