FXEM - EMPIRE MARKETS - Company New Article

Gold is currently trading at $2910 per ounce, maintaining its upward momentum after recent fluctuations. The price continues to move in a positive range, supported by strong demand for safe assets amidst uncertainty in the markets.

Stability above $2900 may open the way for further rise towards $2925 and then $2950. On the other hand, any decline below this level may push gold to test the areas of $2885 and $2860. The general trend remains positive unless strong selling pressure appears to reverse the trend.

Oil price is currently trading at $71.69 per barrel, trying to maintain its gains after the recent fluctuations. The price faces a nearby resistance at $72.20, which may hinder the extension of the rise towards $73.00.

Failure to break these levels could see a pullback to test the support at 71.00, followed by 70.30. Stability above 71.50 keeps the positive outlook intact, but any break of support could bring back selling pressure on prices.