FXEM - EMPIRE MARKETS - Company New Article

Gold price ended yesterday's trading with a noticeable positivity and closed trading at positive levels 2669.66, as it reached new levels today and was able to exceed the level of 2673.00, but today it succeeded in reaching the levels of 2678.5 but failed to stabilize above it, but we are still in an area that preserves our positive expectations and returns to the levels of 2678 and from there to 2700.00 soon.

Therefore, we are waiting for more rise during the upcoming sessions, taking into account that breaking the 2640.00 level will stop the upward wave and put the price under negative pressure, with its targets starting to visit the 2600.00 barrier.

US Oil prices have regained their stability again after being exposed to strong negative pressure yesterday, as they were able to consolidate above the 73.690 levels, which is considered a signal to us of the beginning of the rise again and reaching the 74.300 levels.