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Evening update for Gold 08-12-2023

Economies.com
2023-12-08 15:05PM UTC

Gold price broke the bullish channel’s support line clearly and closed the last four hours’ candlestick below it, to open the way to start bearish correction on the intraday basis, noting that closing the day below 2016.00 will confirm the domination of the bearish correction in the upcoming sessions, while stepping above it will reactivate the bullish trend scenario again.

Evening update analysis for the EURUSD 08-12-2023

Economies.com
2023-12-08 15:04PM UTC

The EURUSD pair attempts to break 1.0760 level again, to hint heading to activate the negative scenario that targets 1.0645 areas on the near-term basis, noting that holding below 1.0760 will confirm the continuation of the bearish bias in the upcoming sessions, while consolidating above it will keep our neutrality valid until we get clearer signal for the next trend.

Wells Fargo returns higher - Analysis - 08-12-2023

Economies.com
2023-12-08 12:32PM UTC

Wells Fargo & Company's stock (WFC) returned higher in the intraday levels amid the dominance of the upward short-term trend, with positive pressure from the 50-day SMA, while venting off overbought saturation in the RSI.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 47.24, provided the support of 43.75 holds on.

 

Expected trend for today: Bullish 

Delta Airlines keeps rising - Analysis - 08-12-2023

Economies.com
2023-12-08 12:32PM UTC

Delta Airlines' stock (DAL) kept rising in the intraday levels, amid the dominance of the upward secondary wave in the short term, while trading above the 50-day SMA, with negative signals from the RSI after reaching overbought levels, in an indication of the strength of the positive momentum.

 

Therefore we expect the stock to rise and target the resistance of 44.00, provided the resistance of 41.10 was breached. 

 

Expected trend for today: Bullish 

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What is the price of Gold today?

The price of Gold is $3350.860 (2025-07-03 05:05AM UTC)