Gold price faces new negative pressure to head towards visiting the intraday bullish channel’s support line, getting continuous positive support by the EMA50, waiting to resume the bullish trend that its next targets located at 1825.00 followed by 1855.00, reminding you that it is important to hold above 1770.00 to continue the expected rise.
The EURUSD pair provides more positive trading in attempt to move away from 1.1270, to keep the bullish trend scenario valid and active in the upcoming sessions, supported by the EMA50, waiting to visit 1.1420 level as a next main station, while holding above 1.1270 represents key condition to achieve the suggested target.
Google's stock rose 1% in the last session, readying to tackle the pivotal resistance of 1,531, amid the dominance of the main upward trend in the medium and short terms, with support from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 1,531.20 and opening the door for more gains.
Expected trend for today: Bullish
Intel's stock fell 0.32% in the last session amid negative pressure from the 50-day SMA while hurt by piercing the upward short-term trend line, with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the first support at 55.97, provided it holds below 58.91.
Expected trend for today: Bearish