Bears remained in control on Monday. The precious metal faced further downside pressure in the night trades. Traders drove the price towards 1220 and touched the handle in the NY session. The XAUD/USD pair bounced off the level and grew reversing a minor part of its losses. The resistance resides at 1230, the support comes in at 1220 dollars per ounce.
A daily close below 1220 will ease the upward pressure further. The next sellers’ target is 1210 dollars per ounce.
Brent opened on a weaker note and remained under intense selling pressure on Monday. Sellers moved the price from 56.50 towards 55.50 dollars per barrel yesterday. The resistance is at 56.50, the support comes in at 55.50 dollars per barrel.
Should Brent futures break below 55.50 the benchmark will continue its selling momentum. A failure here will return prices to 56.50 dollars per barrel.
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 […]