The overall trend is bullish. Gold prices remained rangebound in a thin market. Prices stayed in a range between 1200 and 1190 dollars per ounce. The resistance resides at 1200 dollars per ounce, the support comes in at 1190.
The price is likely to extend its gains in a short term. After breaking 1200 buyers may extend their gains to 1210 dollars per ounce.
Brent oil prices turned bearish on Friday. Buyers failed to break above 56.50. The level rejected the benchmark downwards. The resistance is at 56.50, the support comes in at 55.50 dollars per barrel.
Brent is likely to extend its gains if it breaks above 56.50. A daily close above the level will ease the current downward pressure and will send this market to 57.50 dollars per barrel.
Read the full review on our site:
Welcome Bonus $75 returns, for 10 days only! Experiment with market trading without depositing. Trade indices, Forex, precious metals, futures, stocks – full range of instruments on one account!
Starting from 06 June 2019, FortFS reduces spreads for 4 most popular contracts! From 06 June until 19 July 2019, the 4 most popular contracts spreads will be: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 Good Luck! Fort Financial Services – Citadel of trading