FXEM - EMPIRE MARKETS - Company New Article

Gold continues its strong upward trend, supported by a weakening dollar, rising geopolitical tensions, and growing demand for safe-haven assets. The current movement shows clear momentum, with price holding above key technical zones.

🔺 Bullish scenario: If momentum continues, the price may target $3485, with an extended move toward $3520.
🔻 In case of correction: We may see a pullback toward $3415, then $3385 as temporary balancing levels.

Oil prices are cautiously rising amid a balance between concerns about weak global demand and Oil prices are trending cautiously higher, supported by expectations of further OPEC+ production cuts and increased demand in parts of Asia. However, lingering concerns about global economic growth continue to weigh on the outlook.

🔺 If the bullish tone persists: Prices could test $64.20, then $65.00.
🔻 If selling pressure returns: A move down toward $62.00, followed by $60.90, may unfold.