FXEM - EMPIRE MARKETS - Company New Article

Gold price is currently testing the support of the rising intraday channel shown in the chart, with expectations of relying on this support to continue the upward trend. The next expected target is the 2900.00 level, which can be breached to achieve additional gains and record new historical levels.

Oil price confirmed its break of the 72.30 level with yesterday's trading closing below it, which reinforces expectations of continuing the downward trend in the short and intraday term, targeting the 71.20 and then 70.30 levels. It should be noted that a break of the 72.30 level and stability above it may push the price to attempt a recovery, heading towards testing the 73.90 areas before resuming the potential decline.