Gold extended its bullish momentum on Wednesday. Traders kept pushing the spot higher. The pair refreshed 3-month high when broke 1240 dollar per ounce. The resistance is at 1250, the support comes in at 1240 dollar per ounce.
We believe that the US dollar will remain under pressure in the short-term. The XAU/USD pair may extend its growth towards 1250 dollar per ounce.
The bearish views are still popular in the market. Brent oil prices remained in a short-term descending channel. Buyers’ attempt to reverse early losses failed in the European session. A fresh selling pressure returned oil futures to 54.50. The resistance is at 55.50, the support comes in at 54.50 dollars per barrel.
The bearish momentum is likely to be regained. Our profit targets are 54.00 and 53.50 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 […]