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Evening update for Gold 07-06-2023

Economies.com
2023-06-07 17:32PM UTC

Gold prices declined strongly to succeed achieving our first target at 1945.20 and breaks it to attempt to hold below it, reinforcing the expectations of continuing the domination of the correctional bearish trend, reminding you that our next target is located at 1913.15, while holding below 1945.20 represents the first conditioned to continue the expected decline.

Ford rallies - Analysis - 07-06-2023

Economies.com
2023-06-07 10:07AM UTC

Ford stock's (F) surged in the intraday levels after piercing the main downward trend line in the medium term, while buoyed by trading above the 50-day SMA, coupled with positive signals from the RSI despite settling at overbought saturation levels, with the stock marking a profit of 2.7% in the last session, or 34 cents, and settling at 12.93. 

 

Therefore we expect more gains for the stock, targeting the resistance of 13.90, provided the initial resistance of 13.00 was breached.

 

Expected trend for today: Bullish

Peloton faces strong resistance - Analysis - 07-06-2023

Economies.com
2023-06-07 10:06AM UTC

Peloton Interactive's stock (PTON) rose in the intraday levels amid attempts to correct the main downward trend in the short term, marking a cautious profit of 0.98% in the last session, or 8 cents, and settling at 8.26, while touching the resistance of the 50-day SMA, as the stock tested the resistance of 8.38, with negative signals from the RSI after reaching overbought levels.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 6.66, provided the resistance of 8.38 holds on.

 

Expected trend for today: Bearish

Dollar Tree tries to recoup some losses - Analysis - 07-06-2023

Economies.com
2023-06-07 10:06AM UTC

Dollar Tree's stock (DLTR) rose in the intraday levels while trying to recoup some recent losses, as it also vents off oversold saturation in the RSI, marking a cautious profit of 0.81% in the last session, or 1.05 points, and settling at 131.29, amid the dominance of the downward medium-term trend, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 124.75, provided the resistance of 142.70 holds on.

 

Expected trend for today: Bearish

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What is the price of Gold today?

The price of Gold is $3358.100 (2025-07-11 21:54PM UTC)