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

COMMODITIES TECHNICAL ANALYSIS December.08

Gold

Gold recovered and reversed some of its early losses yesterday. The price bounced off 1170 and headed towards the 1180 level which tested in the NY session. The resistance resides at 1180, the support comes in at 1170 dollars per ounce.

If the pair breaks 1180 the recovery may be extended towards 1190. Should the yellow metal bounce off the level the price may return to multi-month low at 1160 dollars per ounce.
08_12_2016_xauusd
Brent

Bears attempted to control the market on Wednesday. A recovery from 53.50 was stalled round 54.15 where a fresh selling interest sent the market to the price opening. The resistance is at 54.50, the support comes in at 53.50 dollars per barrel.

Brent oil prices are overbought and we expect them to extend losses. If sellers break 53.50 prices will move lower towards 52.50 dollars per barrel.

08_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 […]