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Update: Gold price faces negative pressure

Economies.com
2020-08-07 16:53PM UTC

Gold price faces negative pressure to break 2048.00 level and reaches the thresholds of the bullish channel’s support line that appears on the chart, which urges caution from the upcoming trading, as continuing the decline and breaking 2015.00 will push the price to achieve more decline and start correctional bearish wave on the intraday basis, while the consolidation of the mentioned level against the current decline will lead the price to rise again and head towards 2083.00 as a first positive target.

Update: The EURUSD reaches the second target

Economies.com
2020-08-07 16:53PM UTC

The EURUSD pair traded with strong negativity to break 1.1790 level and approaches our next waited target at 1.1737, and we need to monitor the upcoming trading carefully, noting that the consolidation of this level against the current negative pressure will push the price to resume the main bullish trend and head towards 1.1908 initially, while breaking it will extend the bearish wave to reach 1.1632 as a next correctional target.

PayPal rallies - Analysis - 07-08-2020

Economies.com
2020-08-07 13:41PM UTC

PayPal Holdings' stock kept rising with a 0.58% profit in the last session, as it traded above the 50-day SMA, amid the dominance of the main upward trend in the medium and short terms, with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the resistance of 215.32, provided the support of 195.93 holds on. 

 

Expected trend for today: Bullish 

Starbucks breaches upside trend line - Analysis - 07-08-2020

Economies.com
2020-08-07 13:40PM UTC

Starbucks' stock fell 0.16% in the last session while piercing the upward short-term trend line, as it also pierced the support of the 50-day SMA, with negative signals from the RSI despite reaching oversold levels. 

 

Therefore we expect more losses for the stock, targeting the first support at 71.02, provided it holds below 75.58. 

 

Expected trend for today: Bearish 

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What is the price of Gold today?

The price of Gold is $3327.710 (2025-07-15 19:35PM UTC)