flag-gb flag-my flag-zh flag-id flag-th flag-vi



The yellow metal bearish trend remained intact. The XAU/USD continued advancing south yesterday. The price briefly recovered during the European session on Tuesday. Buyers managed to test the resistance 1290. However, after testing the level gold prices bounced downwards and extended their losses below 1280. The resistance is at 1280, the support comes in at 1270 dollar per ounce.

As the most probable scenario, we consider further moving downwards towards the level at 1270. Should the price break the level and sellers will drive the yellow metal to 1260.



Brent had a neutral day, staying within a narrow range between the current support and resistance yesterday. Buyers tried to push the price above 46.50 but failed to re-take the level. Oil prices bounced downwards and headed towards 45.50. Sellers met a barrier around the level, prices bounced off and stopped around 46.00. The resistance is at 46.50, the support comes in at 45.50 dollars per barrel.

If the bearish tone persists we expect a breakout of the level 45.50. In this scenario, sellers will move the price to 44.50. However, Brent oil is oversold and we anticipate a near-term correction to ease the downward pressure. Brent may recover to 47.50.


Read the full review on our site:

Latest news

Chinese New Year

2019-02-01 10:04:25

Dear traders! We are glad to announce the launch of new promo “CHINESE NEW YEAR” which allows you to increase your profits from trading in the world financial markets! Starting from 1 February 2019 and up to 1 March 2019 an additional 2% of profit will be credited for each profitable trade as well as […]

Welcome Bonus $75

2019-01-21 10:10:50

Dear Traders! We are pleased to announce the launch of the “Welcome Bonus 75 USD” promotion! Starting from 21.01.2019 and until 01.02.2019 inclusive welcome bonus of 75 USD or equivalent in another currency is available to all clients of the company.