$TRUMP
$XAU
Saudi Shares Today | Saudi Shares Index Today:
Abuteh goes deeper at the end of the session... Watch out for a rebound
The Saudi General Index (TASI) is at 10,598.88 points, down 0.77%, with the market closing for Thursday. The weekly technical picture is leaning negative, but the index is approaching a support zone that could trigger a short-term rebound.
Trend pressure
Key structure: The Saudi General Index (TASI) moves within an active downsloping channel. Price is below the main moving averages, so any rebounds remain vulnerable to selling until resistance levels are regained.
SMA(20): 10,906.76 — short-term resistance.
SMA(50): 10,995.09 — confirms weakness in the medium momentum.
SMA(200): 11,372.81 — the long-term trend remains pressured.
Lower Bollinger Band: 10,579.01 — price is touching a range that may support a technical rebound.
CCI(20): -128.09 — selling exhaustion; it may precede a rebound, but it does not, #BinanceWillListHyperliquid(HYPE) #FedOctoberRateHikeOddsRiseTo69.7% #BitcoinFallsToAround$84,600ThisWeek #US30YearYieldHighestSince2004 #US30YearYieldHighestSince2004 prove a trend reversal.
$XAU
Saudi Shares Today | Saudi Shares Index Today:
Abuteh goes deeper at the end of the session... Watch out for a rebound
The Saudi General Index (TASI) is at 10,598.88 points, down 0.77%, with the market closing for Thursday. The weekly technical picture is leaning negative, but the index is approaching a support zone that could trigger a short-term rebound.
Trend pressure
Key structure: The Saudi General Index (TASI) moves within an active downsloping channel. Price is below the main moving averages, so any rebounds remain vulnerable to selling until resistance levels are regained.
SMA(20): 10,906.76 — short-term resistance.
SMA(50): 10,995.09 — confirms weakness in the medium momentum.
SMA(200): 11,372.81 — the long-term trend remains pressured.
Lower Bollinger Band: 10,579.01 — price is touching a range that may support a technical rebound.
CCI(20): -128.09 — selling exhaustion; it may precede a rebound, but it does not, #BinanceWillListHyperliquid(HYPE) #FedOctoberRateHikeOddsRiseTo69.7% #BitcoinFallsToAround$84,600ThisWeek #US30YearYieldHighestSince2004 #US30YearYieldHighestSince2004 prove a trend reversal.
