FXEM - EMPIRE MARKETS - Company New Article

Entering the first resistance level (3368.79) would indicate strong upward momentum, opening the way towards the levels of 3386.46 and then 3416.12.

If it reaches 3416.12, the market is expected to enter a strong buying wave, especially with support from innovative news or weakness in the US dollar.

A break of the first support (3335.30) could push gold down to 3323.67. If it manages to register an entry, it has already tested the 3312.61 level. Stability below 3312.61 may signal correction zones towards 3300 and below.

A break above 61.823 with stable prices will likely target 61.998. If momentum continues, a clear direct signal test of 62.245 may be possible.

Any news related to "Prevent+" or a decline in US stocks will not support this.

In the event of a break of 61.166, the first target will be at 60.979.

Due to the decline coupled with selling pressure, the path to 60.666 could be opened, especially in light of any global indication of weak demand or increased confidence in supply.