Gold prices were lower on Wednesday. A new bunch of offers sent the yellow metal downwards. Sellers drove the XAU/USD through 1200 dollar per ounce and 1190 towards 1180. The resistance is at 1190, the support comes in at 1180 dollar per ounce.
Technical readings favor another leg lower. The level 1180 is the first obstacle on the sellers' way. Should the price break the level and the sellers will extend their gains towards 1170.
The oil market seems fairly balanced now. The price retained a neutral, short-term undertone on Wednesday. Brent traded in a range between 49.50 and 48.50. The resistance is at 49.50, the support comes in at 48.50 dollars per barrel.
As the most probable scenario, we expect a technical slide towards the 47.50 level.
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.