Gold prices closed the week bullish. The metal pushed away from 1235 in the Asian session and broke 1230 in the European session on Friday. Sellers advance down to 1225 dollars per ounce where the precious metal ran through fresh bids. The spot jumped to the opening prices and closed the day at 1234. The resistance resides at 1240, the support comes in at 1230 dollars per ounce.
A close above 1235 will generate fresh bullishness towards 1245 dollars per ounce.
Brent maintained its upbeat tone on Friday. The benchmark was rallying the whole day and reached 55.94 in the NA session. The resistance is at 56.50, the support comes in at 55.50 dollars per barrel.
Black gold has the potential to post more gains. To maintain buying interest the price has to stay above 55.50. A return below the level will ease the upward pressure.
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