FXEM - EMPIRE MARKETS - Company New Article

Gold price is trading with noticeable positivity to advance signs of an attempt to recover during the upcoming sessions, motivated by the positivity of the Stochastic indicator, so that the upward trend is likely in the short term, waiting to test the 2820.00 level initially, taking into account that failure to exceed the 2800.00 barrier will pressure the price to decline again and head to visit the 2764.20 level mainly.

Oil price shows an upward trend to move away from the 73.90 level and head towards a possible test at 75.52, as these levels form the keys to the next trend, as the price needs to exceed one of them to determine its next destination more clearly, which keeps our neutral stance in place until now.

Continuing the rise and breaking the mentioned resistance will lead the price to turn higher and achieve new gains reaching 77.52, while breaking the support will pressure the price to resume the downward corrective path and visit the 72.30 level initially.