FXEM - EMPIRE MARKETS - Company New Article

Gold price stopped rising near the 2765.00 level, to start rebounding downwards after losing positive momentum, to provide signals of the start of a bearish wave targeting a visit to 2707.00.

Therefore, the bearish trend is expected for today, and breaking 2744.00 will facilitate the price's mission to achieve the proposed target, while breaking 2755.00 will stop the proposed bearish wave and lead the price to resume the main bullish trend again.

Oil price trading rebounded significantly after testing the 77.53 levels yesterday, gradually approaching our first expected target at 75.53, noting that we expect that exceeding this level will push the price to make an additional bearish correction with its next target reaching 73.90.

Which will remain in place unless the price rushes to break the 77.53 levels then 78.25 and stabilize above them.