Gold prices remained under buying pressure on Thursday. Buyers moved the XAU/USD pair higher during the course of the day. Bulls broke 1170 in the early trades and headed towards 1180 later the day. The resistance is at 1180, the support comes in at 1170 dollars per ounce.
The price remained within overbought levels. We expect the precious metal to recover further and will reach 1190 in the short-term.
Brent started Thursday with positive tone being able to reverse its recent losses. The benchmark broke 56.50 dollars per barrel and trended higher afterwards. The resistance is at 57.50, the support comes in at 56.50 dollars per barrel.
A move above 57.50 will keep bulls in the driver’s seat. Oil prices may recover further and retest 58.50 in the short-term.
Read the full review on our site:
Dear traders! We are glad to announce the launch of new promo “CHINESE NEW YEAR” which allows you to increase your profits from trading in the world financial markets! Starting from 1 February 2019 and up to 1 March 2019 an additional 2% of profit will be credited for each profitable trade as well as […]
Dear Traders! We are pleased to announce the launch of the “Welcome Bonus 75 USD” promotion! Starting from 21.01.2019 and until 01.02.2019 inclusive welcome bonus of 75 USD or equivalent in another currency is available to all clients of the company.