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Evening update for Gold 16-11-2023

Economies.com
2023-11-16 17:09PM UTC

Gold price rallied upwards to breach 1975.00 level and attempt to hold above it, to stop the correctional bearish scenario and head towards achieving expected gains in the upcoming sessions, noting that the next target is located at 2000.00, while the expected rise will remain valid unless breaking 1962.35 and holding below it.

Evening update analysis for the EURUSD 16-11-2023

Economies.com
2023-11-16 17:08PM UTC

The EURUSD pair attempted to breach 1.0860 level but it keeps its stability below it, thus, we will continue to suggest the bearish trend for the upcoming period, which depends on the price stability below the mentioned level, noting that we are waiting to visit 1.0760 level initially.

Docusign forms positive technical pattern - Analysis - 16-11-2023

Economies.com
2023-11-16 13:08PM UTC

Docusign's stock (DOCU) rose in the intraday levels, while forming a positive pattern in the short term, the Inverse Head and Shoulders pattern as shown in the attached chart, amid the dominance of the upward correctional wave in the short term, with positive signals from the RSI despite reaching overbought levels, with the stock managing to shake off negative pressure from the 50-day SMA.

 

Therefore we expect more gains for the stock, targeting the resistance of 46.00, provided the resistance of 43.00 is reliably breached.

 

Expected trend for today: Bullish

Enphase tries to correct main downward trend - Analysis - 16-11-2023

Economies.com
2023-11-16 13:08PM UTC

Enphase Energy's stock (ENPH) rose in the intraday levels, while correcting the main downward trend in the medium term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the stock's movements, hinting at negative divergence.

 

Therefore we expect the stock to return lower, targeting the support of 74.70, provided the resistance of 113.40 holds on.

 

Expected trend for today: Likely Bearish

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What is the price of Gold today?

The price of Gold is $3358.100 (2025-07-11 22:05PM UTC)