In the medium term, our outlook is positive. Gold prices bounced from 1260 and moved to 1280 dollars per ounce. After testing the level yellow metal rolled back to 1275. The resistance is at 1280, the support comes in at 1270 dollars per ounce.
If gold futures keep rising they will reach the levels 1280 and 1285.
The bearish scenario prevailed on Friday. Brent oil futures started the day around 50.50 and moved towards 49.50 by the end of the day. The resistance is at 50.50, the support comes in at 49.50 dollars per barrel.
If the bearish tone persists we expect a breakout of the current support. In this potential scenario bears will lead the price towards 48.50.
Read the full review on our site:
To celebrate our 10-year anniversary we are going to provide a 10% compensation for every trading order closed at a loss to all Clients! PARTICIPATE IN THE PROMOTION TO GET THE MOST OUT OF TRADING WITH FORTFS: Compensation for every trading order closed at a loss Fully withdrawable without trading turnover requirements Compatible with deposit […]
Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive bonus funds for […]