FXEM - EMPIRE MARKETS - Company New Article

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

May 08, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is undergoing a mild correction after nearing the $3,400 mark, supported by improving investor sentiment due to global trade talk optimism.
 If it remains above $3,330, the metal could gradually resume its upward path, possibly targeting $3,370. A clear drop below $3,320 may slow upward momentum.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3349.17
3343.98
3340.97
3335.92
3331.01
3328.14
3323.09
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil prices have partially rebounded after their recent sharp drop, though the market remains burdened by oversupply and uncertainty over demand, especially following weak Chinese data.

If prices stay above $58.50, a move toward $59.80 could be seen in upcoming sessions. Renewed pressure might lead to a test near $57.40 before any recovery.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
58.736
58.632
58.561
58.465
58.361
58.297
58.198
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