On the 4-hour time-frame the precious metal was traded above 1280 while the growth was restrained by resistance at 1300. Gold consolidation was within a range. Nevertheless, the bullish trend remained.
The bulls will maintain the leadership if they break through the resistance at 1300.00. Their target will be 1315.00.
The bears will regain the initiative if they break through the support at 1280.00. Their target will be 1260.00 and 1240.00.
The quotes of Brent oil continued their upwards movement on the 4-hour chart according to FortFS analysts. At the end of the day, the bulls tested the level 50.50. The buyers dominated the market and oil quotes approached the critical overbought level.
The bulls will maintain the leadership if they break through the resistance at 50.50. Their target will be 51.50 and 52.50.
The bears will regain the initiative if they break through the support at 49.50. Their target will be 48.50 and 47.50.
Read the full review on our site:
Dear Traders, Make sure to receive $100 on your trading accounts only from the 27th to the 31st of January! Welcome Bonus 100 USD is the best way to start trading and test all of the Company’s products! The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover A two-week testing […]
WHAT ARE THE BENEFITS OF MEGAPROTECT BONUS? +100% of the deposited amount! 100% protection during the drawdown Up to 5000 USD per one account Up to 15000 USD per one profile