"The stability above the current support level pushes the stock to change its direction in the short term and enters into a sideways movement between the level of 11.5 and 19-20 in the medium term. The entire sector is optimistic about an interest rate cut, which is expected to start its first cut in September, as it benefits from the reduction in financing costs,...
Lucid company is still trading under selling pressure in a downward trend, but we expect a temporary rebound to the level of 40.6, then a temporary correction, followed by a rebound towards 6.60-6.70.
We expect gold to Trading in a sideways movement, starting with a minor correction until the level of 1899. In case of consolidation, it will start rebounding towards the level of 1930 - 1940, which represents the strongest resistance levels for gold in the short term.