FXEM - EMPIRE MARKETS - Company New Article

Technical Outlook:

Gold continues its positive movements, targeting the 2955-2970 levels as the next step if the buying momentum continues. Conversely, any decline below 2930 could push prices towards 2915-2900, indicating a potential downside correction.

Influencing Factors:

• Markets are awaiting US inflation data and their impact on the Fed's direction.
• The movement of the US dollar and bond yields, which affects investor appetite for the precious metal.
• Demand for gold as a safe haven amid economic and political volatility.

General trend: Positive as long as it remains above 2930, with a potential target of 2970.

Technical Outlook:

Oil is moving in a consolidation range between 66.50 and 68.00, with 66.50 forming a key support area, while 68.00 and 68.50 represent a barrier to any further upside. A break above these levels could clearly determine the next direction.

Influencing Factors:

• Awaiting US inventory data and its impact on supply.
• US dollar movements, as the weaker US currency supports oil prices.
• Global market developments and the stability of energy demand.

General Trend: Consolidation skewed upward, with a possible test of 68.50 if 68.00 is breached. A break above 66.50 would be a negative signal for further decline.