Gold price forecast update 09-09-2024
Gold price shows calm bullish bias to approach 2500.00$ barrier, waiting to breach this level to confirm the continuation of the rise and achieve our next expected positive target at 2540.00$.
Therefore, we will continue to suggest the bullish trend for today, supported by stochastic positivity, reminding you that the continuation of the bullish wave depends on the price stability above 2483.40$.
The expected trading range for today is between 2485.00$ support and 2520.00$ resistance.
Trend forecast: Bullish
The GBPUSD forecast update 09-09-2024
The GBPUSD price broke 1.3124$ level clearly and closed the last four hours’ candlestick below it, to stop the morning suggested positive scenario and head towards achieving bearish correction in the upcoming sessions, targeting testing 1.3036$ as a first station.
Therefore, the bearish bias will be suggested for the rest of the day unless the price managed to breach 1.3124$ and hold above it again.
The expected trading range for today is between 1.3030$ support and 1.3150$ resistance.
Trend forecast: Bearish for the rest of the day
The EURUSD price forecast update - 09-09-2024
The EURUSD price shows new negative trades to reach 1.1040$ level, waiting for more decline to surpass this level and achieve more correctional bearish targets that reach 1.0990$ followed by 1.0940$.
In general, the bearish trend scenario will remain valid and active for today unless the price rallied to breach 1.1100$ and hold above it.
The expected trading range for today is between 1.1000$ support and 1.1140$ resistance.
Trend forecast: Bearish
Apple Stock AAPL Set to Surge Ahead of iPhone 16 Launch Today: Will You Miss the Opportunity?
Apple ($AAPL) is set to hold its biggest event of the year today, Monday, September 9, at 17:00 GMT under the slogan "It’s Glowtime," with the tech world eagerly awaiting this event.
iPhone 16 Series
According to media reports, the company is expected to announce the iPhone 16 series, which will include four models: iPhone 16, 16 Plus, 16 Pro, and 16 Pro Max.
Design Changes
While design changes may be minor compared to previous versions, the technical updates will be substantial.
New Technologies
The new devices will rely on Apple’s latest A18 processor, bringing advanced AI capabilities through the integrated "Apple Intelligence" technology embedded in iOS 18.
Apple Stock Historical Boom
Apple’s stock has witnessed an unprecedented historical surge thanks to remarkable advancements in AI technologies, making it a hot topic in global financial markets.
Leading Innovations
Apple, known for its groundbreaking innovations in technology and electronics, now finds itself at the forefront of a new technological revolution opening limitless horizons.
AI Revolution
The increasing reliance on AI in various business and daily life areas has significantly bolstered Apple’s position as a leading company heavily investing in this promising field.
Apple Intelligence Tech
Apple plans a major reboot for its digital assistant Siri and a series of new features for its robust device lineup under its newly branded "Apple Intelligence" technologies.
Leading Products
| Product | Description |
|---|---|
| Mac | A series of personal computers known for their sleek design and powerful performance. |
| iPhone | A revolutionary smartphone that changed how people communicate and use the internet. |
| iPad | A tablet device that combines the functions of a computer and a smartphone. |
| Apple Watch | A smartwatch offering a wide range of health and fitness features. |
Apple Q2 2024 Earnings
- Revenue: $90.8 billion, a 4% decline from the previous year.
- Diluted EPS: $1.53, a slight decrease from the previous year.
- iPhone Sales: $45.96 billion, a slight decline from the previous year.
Future Expectations
- Apple expects its revenue to grow between 5% and 7% year-on-year in Q3 2024.
- The company faces challenges such as continued supply chain disruptions and high inflation.
Key Predictions for Apple Stock 2024
| Analyst/Bank | Prediction |
|---|---|
| Bank of America | Expects Apple stock to reach $225 by the end of 2024. |
| Goldman Sachs | Expects Apple stock to reach $250 by the end of 2024. |
| Citigroup | Expects Apple stock to reach $270 by the end of 2024. |
Apple AI Integration
- Personal Assistant Siri: Utilizes machine learning to process natural language and understand voice commands.
- Photography Enhancement: Uses AI to improve the quality of photos and videos on iPhone.
- Machine Learning and Health Applications: Analyzes health data and provides personalized recommendations.
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Technical Analysis of Apple Stock (Apple Inc.)
The weekly chart of Apple stock (Apple Inc.) shows significant negative pressure in recent weeks, reaching levels of $196.50 before rebounding upward to attempt recovery again. However, the stock has recorded a lower high, which may indicate potential negative pressures in the coming period. Continued decline and a break below this level would complete a negative pattern, pushing the price to test the initial support of the ascending channel around $167.15 and potentially further break this support, exiting the main upward path.
The shorter time frames indicate that the price recently made a temporary bearish correction and is expected to make another bearish correction of the rise measured from $124.10 to $236.99, with the note that breaking $193.83 would push the price to achieve initial negative targets located at $180.55 and then $167.22.
Short-term trading indicates that the price remains in an upward path, provided it holds above $207.60. The price needs to surpass $232.20 to confirm resuming the main upward trend and heading towards new gains reaching $252.65 as the next main station.
If the technical indicators suggest that the stock may face potential negative pressures in the coming period if it fails to surpass $232.20, heading towards testing the support of the main ascending channel. Breaking this support at $167.15 would exit the upward trend and initiate a bearish correction in the short to medium term, with targets extending to $136.00 and then $112.27.
On the other hand, today’s company conference and the announcement of new devices may influence price movements. Monitoring the stock today is crucial, as mixed trading may occur during the announcement of new products.