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Evening update for Gold 13-03-2023

Economies.com
2023-03-13 15:44PM UTC

Gold price rallies upwards clearly to surpass 1900.00$ barrier and reinforce the expectations of continuing the bullish trend domination in the upcoming sessions, reminding you that our next targets begin at 1928.60 followed by 1960.00, while holding above 1878.80 represents major condition to continue the expected rise.

SVB Financial Group hits record lows - Analysis - 13-03-2023

Economies.com
2023-03-13 11:57AM UTC

Silicon Valley Bank Financial Group's stock (SIVB) slumped 60.41% in the last session, or 161.70 points, settling at 106.04, with trading volumes surpassing 38.7 million shares, above 10-day averages of 4.4 million shares. 

 

The bank collapsed and stopped trading on its stocks after a 60% collapse, with the FDIC taking control of the bank, leading to a selloff in banking stocks nationwide. 

 

The main downward trend dominates in the medium and short terms, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

 

Therefore we expect more losses for the stock, targeting the first support at 35.00, provided it settles below 127.40. 

 

Expected trend for today: Bearish 

APA sharpens decline - Analysis - 13-03-2023

Economies.com
2023-03-13 11:54AM UTC

APA Corporation's stock (APA) kept falling in the intraday levels, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels, marking a fresh loss of 2.86% in the last session, or 1.06 points, and settling at 35.95. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 32.00, provided it settles below 37.44. 

 

Expected trend for today: Bearish 

MS exits the ascending correctional price channel - Analysis - 13-03-2023

Economies.com
2023-03-13 11:54AM UTC

Morgan Stanley's stock (MS) skidded in the intraday levels, marking a hefty loss of 2.33% in the last session, or 2.15 points, settling at 90.05, after piercing the support of the 50-day SMA, leading it to pierce the support of the ascending price channel that guided recent trading, with negative signals from the RSI despite settling at oversold saturation. 

 

Therefore we expect more losses for the stock, targeting the support of 84.00, provided it settles below 92.95. 

 

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 23:05PM UTC)