Gold prices were able to recover on Friday and erased a minor part of their losses. However, bulls lost their legs around the 1140 level where recovery rejections occurred. The resistance is at 1140, the support comes in at 1130 dollar per ounce.
In order to return its strength, gold needs to rise back and hold above 1160. Thus the downward pressure will persists until the price is below 1160 dollar per ounce.
Brent extended its recovery from the weekly lows. Buyers broke the level 54.50 and trended towards 55.50. The price just tested the level before the session was over. The resistance is at 55.50, the support comes in at 54.50 dollars per barrel.
A move below 54.50 will open the way towards 53.50. In the scenario when buyers are back in the game oil prices may recover to 48.50.
Read the full review on our site:
We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]
Dear Traders, Make sure to receive $100 on your trading accounts only from the 20th to the 28th of August! No Deposit Bonus 100 USD is the best way to start trading and test all of the Company’s products! GET BONUS The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover […]