FXEM - EMPIRE MARKETS - Company New Article

Gold price is fluctuating around the resistance of the ascending channel, waiting for a positive incentive that contributes to pushing the price to resume the upward wave targeting the 2790.00 level as the next main station.

From here, we continue to favor the upward trend for today unless the 2740.00 level is broken and stabilized below it.

Oil price shows calm negative trading to move away from the broken neckline of the head and shoulders pattern, so the downward trend scenario remains valid during the upcoming sessions, reminding that our targets start at 75.53 and extend to 73.90 after breaking the previous level, while achieving them requires stability below the levels of 77.53 and 78.25.