Gold quotes continued their decline on the 4-hour chart towards 1260. The demand for the precious metal has slightly decreased which led to an increased activity of sellers.
The bulls will regain the leadership if they break through the resistance at 1280.00. Their target will be 1300.00 and 1315.00.
The bears will maintain the initiative if they break through the support at 1260.00. Their target will be 1240.00 and 1220.00.
The quotes of Brent oil overpassed the resistance at 50.50 on the 4-hour chart according to FortFS analysts. After a short-term consolidation above that level, the quotes dropped back to 49.50 at the end of trading.
The bulls will regain the leadership if they break through the resistance at 50.50. Their target will be 51.50 and 52.50.
The bears will maintain 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:
FortFS brings back the Ultimate Cashback promotion! The promotion is aimed to get the balance compensation per each trade closed with the negative result. Compensated amount is fixed and is equal to 8,88% of the loss amount. All compensations are credited into the trading account automatically. The promotion is available on FORT and FLEX accounts. […]
Dear traders and partners, FortFS extends deadlines for the reduced spreads! From July 19 to September 30, 2019, spreads for the 4 most popular currency pairs are: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5