Gold traded mixed yesterday. Sellers managed to push the spot lower and touched 1230. However, the level rejected the pair upwards. The yellow metal grew and reversed all its daily losses. The resistance is at 1240, the support comes in at 1230 dollars per ounce.
The bullish momentum is likely to be regained if gold fixates above 1240 dollars per ounce.
The benchmark had a positive day on Tuesday. A fresh buying pressure emerged in the early European session and pushed the price to 57.50 through 56.50. Buyers failed to lead the benchmark higher. Brent oil prices gave up their highs and returned to 56.50. The resistance is at 57.50, the support comes in at 56.50 dollars per barrel.
A move above 57.50 may extend the benchmark gains. In this scenario buyers will push prices towards 58.50 dollars per barrel. Alternatively, Brent oil futures may soften if they are back below the current support.
Read the full review on our site:
Dear traders and partners, FortFS extends deadlines for the reduced spreads! From October 01 to October 31, 2019, spreads for the 4 most popular currency pairs are: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 Good Luck! Fort Financial Services – Citadel of […]
Profit Bonus – the world’s first bonus that increases profits! Only from 30.09.2019 to 01.11.2019 you can get additional 2% for each profitable trade! What are the advantages of Profit Bonus? +2% profit – credited automatically! Can be combined with Deposit Bonus 100% The bonus amount is available for withdrawal without any restrictions Hurry up and earn […]