Gold made an attempt to grow on Tuesday. The price rallied to 1150 through 1140 dollars per ounce. However, a bullish spike faded around 1150 and the XAU/USD pair dropped back to 1130. The resistance is at 1140, the support comes in at 1130 dollars per ounce.
A close above which will generate fresh bullish signal. The precious metal may extend its upward trajectory to 1160 dollars per ounce. A pull back below 1140 will return sellers to the market. The price may decline to 1130 in this case.
A bullish market structure remained in place on Tuesday. The benchmark broke above previous week’s top and trended upwards. Brent broke through 55.50 post-NY open and advanced to 56.50. The resistance is at 56.50, the support comes in at 55.50 dollars per barrel.
A break above 55.50 will strengthen buyers’ positions. Bulls may drive Brent prices to 56.50 and 57.50 dollars per barrel.
Read the full review on our site:
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 […]
Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! 🏆 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 📍 How to get the bonus: 1) Register an […]