FXEM - EMPIRE MARKETS - Company New Article

Gold is trading relatively stable after a slight decline from the $3,040 level, as markets continue to await new signals on monetary policy directions. The price remaining above $3,000 reinforces the positive outlook, but any break above this level could increase selling pressure.

• Strong support area: 3,000 - 2,985, which could bring buyers back into the market.
• Important resistance level: 3,040 - 3,060, where the price could face some selling pressure.

Today's Influencing Factors:

• Fed sentiment: Any hints about monetary policy will influence the gold movement.
• Dollar Movements: The inverse relationship between gold and the dollar will remain the key factor determining the trend.
• Safe-Haven Demand: Economic concerns may support a renewed rise in gold.

Oil prices saw a slight increase after testing the $68.50 level, as prices attempt to maintain the upward trend amid expectations regarding global demand. However, any break of the 68.00 level could lead to deeper corrections.

• Key Support Area: 68.50-67.80, where buying interest may emerge.
•  An important upside barrier: 70.00-70.50, which may limit price increases.

Facts affecting today:

• Global demand outlook: Any signs of slowing growth could impact prices.
• OPEC+ decisions: Monitor any new comments regarding production levels.
• Dollar volatility: A stronger US currency could pressure oil prices.