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Evening update analysis for Gold 06-10-2021

Economies.com
2021-10-06 15:43PM UTC

Gold price bounced upwards clearly to head towards potential test to the key resistance at 1770.00, and as long as the price is below this level, our bearish overview will remain valid and active, reminding you that our main waited target located at 1735.00.

Coca-Cola tries to vent off oversold saturation - Analysis - 06-10-2021

Economies.com
2021-10-06 12:25PM UTC

Coca-Cola's stock (KO) rose 0.17% in the last session while trying to recover recent losses, while venting off oversold saturation in the RSI, with positive signals from the RSI, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the support of 52.00, provided it holds below 53.70. 

 

Expected trend for today: Bearish 

McDonald's attacks pivotal resistance - Analysis - 06-10-2021

Economies.com
2021-10-06 12:24PM UTC

McDonald's stock (MCD) rose 0.88% in the last session, amid positive divergence in the RSI after reaching oversold levels compared to the stock's movements, amid positive signals out of them, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, tackling the pivotal resistance of 246.45. 

 

Therefore we expect more gains for the stock, targeting the resistance of 255.50, provided the resistance of 246.45 was breached. 

 

Expected trend for today: Bullish

3M ends cautiously higher - Analysis - 06-10-2021

Economies.com
2021-10-06 12:24PM UTC

3M's stock rose 1.05% in the last session while recouping some recent short-term losses, as it vents off oversold saturation in the RSI, amid positive signals out of them, with negative pressure from the 50-day SMA, amid the dominance of the downward correctional short-term wave. 

 

Therefore we expect the stock to return lower, targeting the support of 173.00, provided it holds below the resistance of 179.50.

 

Expected trend for today: Bearish 

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3337.460 (2025-07-04 23:55PM UTC)