FXEM - EMPIRE MARKETS - Company New Article

Gold is currently trading near $ 2945 an ounce, taking advantage of the decline in the power of the US dollar and increased demand for safe havens. The general trend is still ascending, as supportive factors such as global economic concerns and expectations about mitigating monetary policy by the American federalism are still.
In the near term, the level of $ 2950 remains an important resistance area, as its penetration may target $ 2980, while $ 2920 represents a major support to maintain rising momentum.

The price of oil shows more rising inclination, and we note that the price constitutes a positive technical composition that may contribute to the continuation of the height and the penetration of the central resistance 72.30 to open the way for more gains during the upcoming sessions, but we note that technical indicators offer negative signals that may pressure the price to drop again.