Gold prices had a modestly bullish day. After meeting a barrier at 1200 prices grew to 1215 where bulls exhausted and the price had to return to the 1205 region. The resistance is at 1210, the support comes in at 1200 dollar per ounce.
The 1200 level is a strong psychological barrier. We believe sellers won’t break it soon and expect a moderate recovery to the 1230 region.
Oil prices maintained their bid tone on Friday. Prices stayed around 46.50 during the day. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.
If the buying pressure persists the Brent oil prices might extend their recovery towards 47.50.
Read the full review on our site:
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.
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.