FXEM - EMPIRE MARKETS - Company New Article

Gold prices saw a strong rise today, reaching $3,020 per ounce, benefiting from a weaker dollar and market anticipation of the US Federal Reserve's interest rate decision. 

General Trend: Upward

• Important Pivot Area: $3,000-$2,980
• Major Upside Barrier: $3,035-$3,050

If gold can hold above $3,000, it could target $3,035-$3,050 as its next target. A break below $2,980 could trigger a downward correction.
Gold remains supported by a weak dollar and increased demand for safe-haven assets. As markets await the Federal Reserve's decision, further gains could be seen if economic data is weak.

Oil prices witnessed some volatility during today's trading, with Brent crude trading around $68.22 per barrel, amid uncertainty regarding the outlook for global demand and upcoming economic decisions.

General Trend: Volatile

• Important Pivot Area: $67.50 – $67.00
• Major Upside Barrier: $69.50 – $70.20

If the price can hold above $67.50, we may witness an attempt to rise towards $69.50 – $70.20, while a break of $67.00 could increase selling pressure towards lower levels.
Markets are awaiting US inventory data and global demand reports, which could influence price action in the coming days.