XAU/USD was in buy mode on Wednesday. Yellow metal extended its near-term bullish momentum and refreshed its monthly high at 1270. The pair closed the day bullish. The resistance is at 1270, the support comes in at 1260 dollar per ounce.
We remain bullish near-term. A move above the 1270 mark will suggest a resumption of a bullish trend.
Brent futures held a bullish tone yesterday. Buyers pushed the price higher, broke the level and refreshed the current high at 53.12. After setting a new high the price rolled back and closed the day bearish. The resistance is at 53.50, the support comes in at 52.50 dollars per barrel.
The overall picture is bullish. After rolling back below 52.50 buyers may try to reclaim the level. Should they succeed and a further extension towards 53.50 could be observed further.
Read the full review on our site:
Dear Clients! Only until December 01, a threefold increase in the deposit amount is available for all FortFS customers! 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 […]
Dear traders and partners, From October 29 to November 30, 2019, FortFS reduces spreads for 2 more pairs: EURJPYf: 1.3 GBPJPYf: 2.8 Spreads on the 4 most popular currency pairs will remain the same: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 Good […]