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 is finding support near the $3,116 level, pausing its intraday pullback after reaching a new all-time high. Investor concerns over the potential consequences of President Donald Trump's reciprocal tariffs on global free trade and the broader global economy are driving increased demand for safe-haven assets, including gold.
Expectations that the U.S. economic slowdown will lead to Federal Reserve rate cuts sooner than previously anticipated are also weighing on the dollar, thereby supporting gold prices.
From a technical perspective, the RSI indicator on the daily chart signals overbought conditions, which is keeping bulls from initiating new long positions. A period of consolidation or a short-term pullback before the uptrend resumes appears reasonable. However, the overall trend remains bullish, and any decline toward the $3,100 level could offer a buying opportunity. This is a key support level—weakness below it may trigger further declines toward the $3,076 area and potentially down to the psychological $3,000 level.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
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