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End of day analysis for Gold 17-08-2021
Gold price bounced bearishly after approaching 1797.00 level, to attack the intraday bullish channel’s support line, which might press on the price to test 1770.00 areas before turning back to rise again, reminding you that breaching 1797.00 will lead the price to achieve additional gains that reach 1825.15.
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End of day analysis for the EURUSD 17-08-2021
The EURUSD pair resumed its negative trading strongly to reach the thresholds of the first waited target at 1.1700, waiting for more decline that targets 1.1600 level as a next station, noting that the continuation of the bearish wave requires holding below 1.1780 and 1830.
MoreBoeing gives in to negative pressure - Analysis - 17-08-2021
Boeing's stock (BA) fell 2.30% in the last session away from the ceiling of a downward correctional price channel that guided recent trading, while also touching the resistance of the 50-day SMA, as the RSI reached overbought levels, forcing the stock downwards.
MoreBank of America tries to vent off overbought saturation - Analysis - 17-08-2021
aBank of America's stock (BAC) fell in the intraday levels on profit-taking while gathering positive momentum to help it rise anew, while venting off overbought saturation in the RSI, with negative signals out of them, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.
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