Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Red lines- bearish channel
Blue lines -Fibonacci retracement levels
Gold price is trading around $1,912. Gold price has bounced towards $1,900 and the upper channel boundary, as expected by our previous analysis. Gold price has now reached important channel resistance while breaking above the 61.8% Fibonacci retracement level. Gold price has easily broken above the key Fibonacci retracement level of 61.8% and is now challenging the next Fibonacci resistance at the 78.6% retracement. Price remains inside the red downward sloping channel, so there is no clear indication of a major reversal in play. For now short-term trend is bullish as price continues making higher highs and higher lows.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
