FXEM - EMPIRE MARKETS - Company New Article

Gold witnessed a precise downward movement, as we anticipated in yesterday's report, achieving the first downside target at $3335.30, driven by a decline in global risk appetite and a stable dollar.

Expected Technical Levels:

• Gold may attempt to consolidate above the 3330 level, and a breakout could lead to a move towards $3315 and then $3300.
• On the upside, any rebound may face resistance at the 3352, 3370, and 3388.00 levels.

Oil continued to decline, as we indicated in yesterday's report, achieving two technical targets: the first at $61.16 and the second at $60.97, before rebounding slightly at the start of today's trading.

Expected Technical Levels:

• Nearby support is centered at $60.90 and then $60.50, and a break above this area could push the price towards $59.80.
• If the price recovers, it may face resistance at $61.60, then $62.10, and then $62.80.