FXEM - EMPIRE MARKETS - Company New Article

To access the website's classic version and the new accounts, please click here

Mar 07, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is currently trading at $2922 per ounce, making new gains supported by the decline in the dollar and the continued uncertainty in the markets.

  • Nearby resistance: 2935 – breaking it could push the price towards 2950.
  • Major support: 2900 – breaking it could lead to a decline towards 2880.

Awaiting the US employment data could increase volatility in gold prices during the upcoming sessions.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
2923.86
2922.04
2920.94
2918.95
2917.19
2916.14
2914.27
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil is currently trading at $66.90 per barrel, trying to recover after previous sessions declines.

  • Nearby Resistance: 67.50 – Breaking it could push prices towards 68.20.
  • Key Support: 66.30 – Breaking it could lead to further decline towards 65.80.

Awaiting US inventory data and global demand trends will determine the next price action.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
67.169
67.085
67.030
66.954
66.873
66.818
66.734
Previous Post
Technical analysis of some currencies
Next Post
Technical analysis of some currencies
Back

One Trading Account | 50+ Forex Pairs | 80+ Trading Instruments
Multi-Asset Trading Platforms

Open Live Account
Cookie Policy
This website uses cookies to ensure you get the best experience on our website. We use cookies for proper website navigation and function and for statistical and analytical purposes. You can select the cookie categories that you would like to manage through the Cookies Settings at any time. Please configure your Cookies Settings before proceeding. To learn more, please read our Cookies Policy
Settings
Reject
Accept all