FXEM - EMPIRE MARKETS - Company New Article

XAU/USD chart on the hourly time frame

General trend: Upward within an expanding channel.

Possible scenarios:

• Stable above 3340: This could pave the way for further gains towards 3380 and then 3400.
• Breaking down 3340: Gold could return to 3320 and possibly 3253.

Technical indicators: Positive momentum is currently declining on the MACD, which could indicate profit-taking before the upward trend resumes.

USTEC chart on the hourly time frame

General Trend: Bullish within a symmetrical triangle in the short term.

Possible Scenarios:

• Stabilization above 21580 supports a bullish scenario to test 21770 and then 21900.
• Breaking downwards to 21450: Restores negative pressure towards support at 21130 and then 20970.

Technical Indicators:

MACD: Positive momentum continues but has begun to consolidate, which may indicate temporary volatility before the triangle is broken.