FXEM - EMPIRE MARKETS - Company New Article

XAU/USD chart on the hourly time frame

Achievements since June 6:

• Gold maintained stability above 3340.
• It climbed to near the first target and reached around 3378 (very close to 3380).

Current situation:

• The price is above 3367, but momentum is beginning to decline.
• MACD: A clear decline in positive momentum.
• Price behavior is within an ascending channel, but at a slower pace.

Forecast:

• Stabilization above 3367 supports a new attempt to break 3380 toward 3400.
• A break of 3340 could retest 3320.

USTEC chart on the hourly time frame

Achievements since June 6:

• Consolidation above 21580.
• The first target at 21770 was precisely achieved.

Current situation:

• The price is currently fluctuating between 21700 and 21750.
• MACD: Still positive, but momentum is slowing.
• The trend is up, but slowly, with clear fluctuations.

Forecast:

• Continued consolidation above 21630 maintains the 21900 test scenario.
• A break of 21550 could push the index to test 21370.