The bullish market structure remained in place on Tuesday. Buyers extended their gains driving the yellow metal through 1260 towards 1270 dollars per ounce. The resistance is at 1270, the support comes in at 1260 dollar per ounce.
In order to maintain its strength, gold needs to stay above 1265 dollars per ounce.
Brent traded mixed on Tuesday. Buyers did not find any reason to move above 56.00. Bulls stepped away giving the way to sellers during the day trades. The last regained the market and pushed the benchmark lower. The price tested 55.50 in the NY session. However, the level rejected the price which grew to the opening price. The resistance is at 56.50, the support comes in at 55.50 dollars per barrel.
If a selling pressure persists a move below 55.50 will open the way towards 55.00 dollars per barrel.
Read the full review on our site:
We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]
Dear Traders, Make sure to receive $100 on your trading accounts only from the 20th to the 28th of August! No Deposit Bonus 100 USD is the best way to start trading and test all of the Company’s products! GET BONUS The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover […]