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Evening update for Gold 25-10-2023

Economies.com
2023-10-25 18:07PM UTC

Gold price rallied upwards to breach 1977.25 and settles above it, to activate the positive effect of the bullish flag pattern and head towards achieving new gains in the upcoming sessions, reminding you that we are waiting to visit 2016.90 as a next station, noting that it is important to hold above 1977.25 as a first condition to continue the expected rise.

General Motors extends losses - Analysis - 25-10-2023

Economies.com
2023-10-25 10:53AM UTC

General Motors Company's stock (GM) fell in the intraday levels, amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI, with the complete dominance of the main downward trend, as the stock trades alongside the short-term secondary trend line.

 

Therefore we expect more losses for the stock, targeting the support of 26.73, provided the resistance of 31.50 holds on.

 

Expected trend for today: Bearish 

BlackRock suffers from negative pressures - Analysis - 25-10-2023

Economies.com
2023-10-25 10:52AM UTC

Blackrock's stock (BLK) fell in the intraday levels, while trading alongside the downward secondary trend line in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.

 

Therefore we expect more losses for the stock, targeting the first support at 591.35, provided it settles below 624.50. 

 

Expected trend for today: Likely Bearish 

Visa retests important resistance - Analysis - 25-10-2023

Economies.com
2023-10-25 10:52AM UTC

Visa's stock (V) rose in the intraday levels, retesting the resistance of 235.57, amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

 

Therefore we expect the stock to return lower, targeting the support of 227.78, provided the resistance of 235.57 holds on.

 

Expected trend for today: Likely Bearish