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End of day analysi for Gold 11-08-2020

Economies.com
2020-08-11 17:26PM UTC

Gold price suffered additional losses, as it broke 1967.90 and touched 1934.86 direct as expected, and the chances seem valid to surpass this level and extend the correctional bearish wave to reach 1901.08 in the upcoming sessions, making the bearish bias suggesting unless the price managed to rally to breach 1967.90 and hold above it.

End of day analysis for the EURUSD 11-08-2020

Economies.com
2020-08-11 17:26PM UTC

The EURUSD pair returns to decline after testing 1.1800 barrier, to head towards new test to 1.1737 level, which urges caution from the upcoming trading, as repeating the pressure on this level will support the chances of breaking it and open the way to target the next correctional target that reaches 1.1632, while holding against the current negative pressure will lead the price to resume the main bullish trend that its next main target located at 1.1908.

General Electric tries to shake off negative pressure - Analysis - 11-08-2020

Economies.com
2020-08-11 13:06PM UTC

General Electric's stock rallied 4.22% in the last session while hurt by piercing the main downward trend line in the medium term, with positive signals from the RSI, while shaking off negative pressure from the 50-day SMA. 

 

Therefore we expect more gains for the stock, provided it pierces the resistance of 7.06, targeting the next one at 8.30. 

 

Expected trend for today: Bullish 

General Motors receives positive support - Analysis - 11-08-2020

Economies.com
2020-08-11 13:05PM UTC

General Motors' stock rallied 4.72% in the last session while shaking off negative pressure from the 50-day SMA, as it traded alongside the upward short-term trend line, with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 31.60, provided it holds above 27.05. 

 

Expected trend for today: Bullish