FXEM - EMPIRE MARKETS - Company New Article

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

Feb 21, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is currently trading at $2932 per ounce, declining due to a stronger dollar and higher US bond yields. Markets are awaiting fresh signals from the Fed minutes, as any signs of monetary tightening could weigh on gold, while expectations of monetary easing could boost its chances of a comeback.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
2934.88
2932.56
2931.12
2928.90
2926.69
2925.19
2922.98
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil is currently trading at $72.190 per barrel, steady after the previous sessions’ volatility. Prices remain under pressure due to concerns about slowing global demand, while losses are capped by expectations of a production cut by OPEC+. Markets await US inventory data, which could determine the next direction for prices.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
72.358
72.316
72.283
72.236
72.194
72.164
72.120
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