FXEM - EMPIRE MARKETS - Company New Article

Gold price fluctuates around 2816.00 levels, and starts today with a new upward trend to provide signals of a trend to continue rising during the upcoming sessions and record new historical levels, noting that the next stop reaches 2850.00 level.

Taking into account that breaking 2810.00 will stop the expected rise and pressure the price to target 2774.00 levels before any new attempt to rise.

Oil price confirmed breaking the 73.90 level and continued to decline to approach the expected negative target at 72.30, and the way seems open to continue the decline and exceed this level to pave the way to achieve additional negative targets extending to 70.30.

Therefore, the downward trend will be likely during the upcoming sessions, noting that breaking $73.90 will stop the current negative pressure and lead the price to recover again, heading towards testing the $75.50 level mainly.