The H4 chart showed a decrease in demand on gold and led to quotes to drop. The bears successfully passed the level 1330.00 according to FortFS analysts. The bearish influence dominated the gold market.
The bulls will regain the leadership if they break through the resistance at 1330.00. Their target will be 1360.00 and 1390.00.
The bears will maintain the initiative if they break through the support at 1316.00. Their target will be 1300.00 and 1270.00.
Brent oil quotes reached 46.50 on the H4 chart. The bulls brought the price back to 47.50. Oil quotes left the oversold zone and showed a neutral technical image.
The bulls will maintain the leadership if they break through the resistance at 47.50. Their target will be 48.50 and 49.50.
The bears will regain the initiative if they break through the support at 46.50. Their target will be 45.30.
Read the full review on our site:
Only from November 02nd, 2020, to January 04th, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]
Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! 🏆 Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts 📍 How to get the bonus: 1) Register an […]