আরও দেখুন
13.03.2025 02:49 PM
Early in the American session, gold is trading around 2946, close to the all-time high of 2,956 and above the 7/8 Murray level, albeit showing signs of exhaustion. A technical correction is likely in the coming hours before resuming its bullish cycle.
Gold is within an uptrend channel that has been forming since February 27. This strong bottom is likely to keep gold above 2,930. In the short term, the metal could reach the top of the uptrend channel around 2,978 or even the psychological level of $3,000.
On the other hand, gold could enter a corrective phase if it falls below $2,930. The instrument could even reach the psychological level of $2,900.
A sharp breakout of the uptrend channel and consolidation below $2,910 could signal a trend reversal. Then, we could expect gold to fall towards the 200 EMA at $2,870. The price could even reach the 4/8 Murray at $2,812.
The Eagle indicator is reaching overbought levels. So, if a technical correction occurs in the next few hours, it will be seen as an opportunity to buy gold above $2,930.
You have already liked this post today
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
