Gold price resumed its negative trading after the slight rise that it witnessed in the past sessions, to remain stable below the bullish channel that appears on the above chart, which makes us continue to suggest the bearish trend in the coming period, which its next target located at 1211.31, while achieving it conditions holding below 1250.00.
The EURUSD pair kept its stability above 1.0973 level, which keeps the bullish momentum valid for the upcoming period, waiting for positive opening next week to resume the bullish trend that its next target located at 1.1123, noting that the EMA50 keeps supporting the suggested bullish wave.
Micron Technology's stock (MU) fell in the intraday levels, recording a loss of 0.75% in the last session, or 0.21 points, as the stock settles above the pivotal support of 26.17, which represents the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term (from 36.59 to 9.31), while trading alongside the upward correctional short-term trend, with ongoing positive pressure from the SMA for the last 50 days period.
Therefore we expect the stock to return higher in the coming trading, as long as the support of 26.17 holds on, targeting the resistance of 30.15, which represents the ratio 76.4% of the same retracement levels mentioned earlier.
MasterCard's stock (MA) returned higher in the intraday levels, scoring a profit of 0.5% in the last session, or 0.59 points, amid ongoing positive support from the SMA for the last 50 days period, as the stock trades within an ascending price channel that limited its previous short-term movements.
Therefore we expect more gains to come for the stock, targeting and readying to tackle the resistance of 120.00.