FXEM - EMPIRE MARKETS - Company New Article

Gold price ended yesterday's trading with a noticeable positivity to confirm the breach of the 2640.00 level and stability above it again, to reactivate the positive effect of the double bottom pattern and head towards testing the 2700.00 level as a first target.

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, its targets starting with visiting the 2600.00 barrier.

Oil price confirmed breaking the 73.70 level and provided noticeable positive trading yesterday, reaching the 75.00 barrier, which pushes the price to achieve more expected gains in the immediate and short term, noting that the expected targets start at 75.65 and extend to 76.45 after exceeding the previous level.

Which will remain in place unless the 73.70 level is broken and stabilized with a daily close below it.