Gold prices moved off-highs in the night and in the morning on Thursday. However, sellers met a barrier at 1260 in the mid-European session. The price bounced off the level and grew to 1265 where the spot closed the day. The resistance is seen at 1270, the support is at 1260 dollars per ounce.
A break below 1260 risks a decline towards the support at 1250 dollars per ounce.
Brent traded mixed on Thursday. The bearish momentum persisted during the day trades. The benchmark broke 51.50 and advanced to 50.50 dollars per barrel. Oil prices found fresh offers around the level in the NY session. As a result, the price bounced off the handle. Buyers reversed their early losses afterwards returning the price above 51.50. The resistance is seen at 52.50, the support is at 51.50 dollars per barrel.
Brent may extend its upward trajectory if it stays above 51.50. In this potential scenario buyers will move the price to 52.50 first. En route to 53.00 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 […]