Borussia Dortmund FC is the undisputed leader of the German Bundesliga

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!

For Traders

Forex Analysis

Ichimoku Indicator

21.02.202217:05 Forex Analysis & Reviews: Gold provides bearish sign.

Gold price is trading at $1,893. Although technically trend remains bullish, we warned in our last analysis that price is vulnerable to a pull back. Today price broke below the 4hour tenkan-sen (red line indicator) and combined with the bearish RSI divergence, the chances of a deeper pull back increase.

Next key short-term support is at the kijun-sen (yellow line indicator) at $1,875. Gold price has many chances of making a pull back towards that level. Breaking below $1,875 will bring price lower towards the cloud support around $1,850. A pull back towards $1,850 is not out of the question, on the contrary is a healthy price behaviour, letting bulls gather more strength for their next leg higher.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.