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

COMMODITIES TECHNICAL ANALYSIS December.05

Gold

Gold prices closed last week in the green despite some negative sentiment during the European hours. The price met a barrier around 1170 and bounced off the level. The resistance resides at 1180 dollars per ounce, the support comes in at 1170.

If buyers fail to retake the 1180 level the price may roll back towards the current support. A break above 1180 may extend recovery towards 1190 dollars per ounce.
05_12_2016-xauusd
Brent

Brent oil futures extended their gains on Friday. After a brief consolidation phase during the Asian session traders pushed prices higher. The benchmark retested 54.50 but failed to reclaim it. The resistance is at 54.50, the support comes in at 53.50 dollars per barrel.

We expect the price to extend gains above the current support. Buyers may break 54.50 and lead Brent oil prices towards 55.50. Conversely, a softening towards 52.50 is possible.

05_12_2016-brent

Read the full review on our site:
https://www.fortfs.com

Latest news

DEPOSIT BONUS 200%: PROLONGED TILL 04 JANUARY 2021!

2020-12-04 08:57:41

Only from November 02nd, 2020, to January 04th, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]

No Deposit Bonus 100 USD – available for 3 days only!

2020-11-23 08:44:40

Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! πŸ† Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts πŸ“ How to get the bonus: 1) Register an […]