FXEM - EMPIRE MARKETS - Company New Article

Gold price resumed its negative trading to support expectations of the continued dominance of the downward trend on the intraday basis, awaiting the test of the 2600.00 level, which represents our first main target, noting that breaking this level will extend the downward wave to reach the 2513.15 areas.

While breaking 2567.00 will stop the expected decline and lead the price to regain the main upward trend again.

Oil price managed to break the 68.64 level and close the daily candle below it, reinforcing expectations of the continued dominance of the downtrend during the upcoming sessions, paving the way to achieve negative targets starting at 67.00 and extending to 65.50 after breaking the previous level.

Which will remain in place provided that it remains below the 68.64 and 69.05 levels.