FXEM - EMPIRE MARKETS - Company New Article

Gold price opened today's trading with strong negativity to break the 2762.00 level and head towards an expected visit around 2729.00, so the bearish bias is likely for today, with the necessity of monitoring the price when it reaches this level due to its importance in determining the fate of the next trend, as breaking it represents the key to starting a bearish correction and an additional decline in the immediate and short term.

On the other hand, it should be noted that breaching the 2786.00 level will stop the current negative scenario and lead the price to resume the main bullish trend again, which targets testing the 2790.00 level initially.

Oil price opens today's trading with noticeable negativity to move away from the 75.53 level, reinforcing expectations of a continued downward correction during the upcoming sessions, awaiting a test of the 73.90 level as a next target, noting that breaking this level will push the price towards 72.30 directly, which will remain in place provided that it remains below the $75.53 level.