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The XAU/USD pair jumped to a fresh weekly high of 1336 after Donald Trump's victory. After refreshing monthly highs golden prices fell to the level 1300 first and after a brief pause continued moving lower. The yellow metal tested the level 1270 by the end of the day. The resistance is at 1280, the support comes in at 1270 dollars per ounce.

We expect a growth on the back of profit taking. The XAU/USD pair may return above 1280 dollars per ounce in the short-term.



Oil prices switched the bearish tone to bullish one at yesterday’s trades. Having refreshed weekly lows at 44.50 Brent futures bounced off the level and headed towards 46.50. The resistance is at 46.50, the support comes in at 45.50 dollars per barrel.

A daily close above 46.50 will ease the downward pressure. Buyers may strengthen and lead Brent oil futures to 47.50.


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Latest news

8,88% negative trades compensation

2019-04-02 06:51:06

FortFS launches 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.

Unlimited Leverage

2019-03-01 16:41:06

What is the unlimited leverage? Usually it means borrowed funds provided by broker to clients to enable clients to open larger positions and to increase income from investing without increasing their investments. However, the leverage always has an established limit which is originally determined by the broker and cannot be changed.