Buyers met a solid barrier at 1210 and failed to retake it in the early trades on Wednesday. Sellers fought back control and pushed gold spot lower. The price dropped and tested 1200 at the beginning of the North American session. The resistance is at 1210, the support comes in at 1200 dollar per ounce.
A break below 1200 will help gold prices to maintain bearish bias. In this scenario the XAU/USD pair may test 1190 in the upcoming sessions.
Brent oil prices remained neutral staying in its familiar range on Wednesday. An upward impetus pushed the price from the lower limit of the band to its upper one. The resistance is at 56.50, the support comes in at 55.50 dollars per barrel.
As the most probable scenario, we expect a break above the 56.50 level. A cut here will open the way to 57.50.
Read the full review on our site:
Dear traders and partners, From October 29 to November 30, 2019, FortFS reduces spreads for 2 more pairs: EURJPYf: 1.3 GBPJPYf: 2.8 Spreads on the 4 most popular currency pairs will remain the same: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 Good […]
Dear clients, From November 04 to December 06, 2019, FortFS increases payouts for your current autorebate! The main advantages of Autorebate Extra: Cashback is increased by 10% Get up to 33 USD for 1 lot! Available on FORT, FLEX and cent accounts How to activate Autorebate Extra: Log into the Trader’s cabinet Select “Autorebate” in the left menu […]