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Update: Gold price reaches the extended target

Economies.com
2023-03-17 14:19PM UTC

Gold price rallied upwards strongly to reach our extended target at 1960.00, and we need to monitor the upcoming trading carefully, as continuing the rise and breaching this level will extend the bullish wave to achieve additional gains that reach 2000.00$ per ounce barrier, while consolidating against the current rise will press on the price to achieve some bearish correction and visit 1928.60 initially.

Adobe tries to shake off negative pressure - Analysis - 17-03-2023

Economies.com
2023-03-17 12:36PM UTC

Adobe Systems' stock (ADBE) surged in the intraday levels, after beating Wall Street quarterly profit expectations, with the stock spiking 5.90% in the last session, or 19.68 points, settling at 353.29 with trading volumes approaching 7 million shares, above 10-day averages of 4 million shares. 

 

Technically, the stock leaned on the upward correctional short-term trend line, lending it positive momentum amid positive signals from the RSI, while shaking off negative pressure from the 50-day SMA.

 

Therefore we expect more gains for the stock, targeting the resistance of 396.40, provided the support of 329.00 holds on.

 

Expected trend for today: Bullish

Didi extends losses - Analysis - 17-03-2023

Economies.com
2023-03-17 12:36PM UTC

Didi Global's stock (DIDIY) kept  falling in the intraday levels while hurt by piercing the upward trend line in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.

 

Therefore we expect more losses for the stock, targeting the support of 3.00, provided the resistance of 4.00 holds on.

 

Expected trend for today: Bearish

Blackstone touches SMA resistance - Analysis - 17-03-2023

Economies.com
2023-03-17 12:35PM UTC

Blackstone INC's stock (BX) rose in the intraday levels, supported by positive signals from the RSI, marking a cautious profit of 0.68% in the last session, or 59 points, and settling at 87.26, amid the dominance of the main downward trend in the medium term, while touching the resistance of the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the support of 72.24, provided the resistance of 91.75 holds on.

 

Expected trend for today: Bearish

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What is the price of Gold today?

The price of Gold is $3290.430 (2025-07-09 06:05AM UTC)