FXEM - EMPIRE MARKETS - Company New Article

To access the website's classic version and the new accounts, please click here

May 06, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold continues its strong upward trend, supported by a weaker dollar and persistent geopolitical tensions, reaching new monthly highs. If bullish sentiment holds, the price could target $3,410 and later $3,440. A slip below $3,350 might temporarily ease the pace.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3391.04
3386.69
3383.43
3379.29
3374.72
3372.11
3367.54
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil attempts a mild recovery after last week's losses amid speculation that OPEC+ may reassess production plans. If prices stabilize above $58.00, a move toward $59.50 becomes possible. A drop below $57.60 could renew downward pressure, possibly heading toward $56.50.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
58.747
58.624
58.548
58.421
58.303
58.222
58.089
Previous Post
Technical analysis of some currencies
Next Post
Technical analysis of some currencies
Back

One Trading Account | 50+ Forex Pairs | 80+ Trading Instruments
Multi-Asset Trading Platforms

Open Live Account
Cookie Policy
This website uses cookies to ensure you get the best experience on our website. We use cookies for proper website navigation and function and for statistical and analytical purposes. You can select the cookie categories that you would like to manage through the Cookies Settings at any time. Please configure your Cookies Settings before proceeding. To learn more, please read our Cookies Policy
Settings
Reject
Accept all