FXEM - EMPIRE MARKETS - Company New Article

Gold price ended yesterday's trading with a noticeable positivity to confirm the breach of the 2660.00 level and reached the 2670 levels but failed to stabilize above it, but we are still in an area that preserves our positive expectations and returns to the 2670 levels.

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 to visit the 2600.00 barrier.

After oil prices reached 74.60 levels yesterday, they fell again strongly to 72.547 levels, which pushes the price to achieve more expected declines in the immediate and short term, noting that the expected targets start at 72.467 and extend to 72.322 after exceeding the previous level.

Which will remain in place unless the 73.058 level is broken and a daily close is maintained above it.