Gold price faces additional negative pressure now to press on the key support line 1934.68, which urges caution from the upcoming trading, as breaking this level will stop the recently suggested rise and force the price to achieve more decline to head towards 1901.80 initially, while the price needs to consolidate above 1934.68 to resume the main bullish trend and visit 1967.90 as a first positive target.
The EURUSD pair resumes its positive trading to move away from the EMA50, reinforcing the expectations of continuing the bullish trend in the upcoming period, and the way is open to achieve our next target at 1.1908, reminding you that it is important to hold above 1.1737 to continue the suggested rise.
Baidu's stock fell 1.22% in the last session while gathering momentum to help it rise anew as it vented off overbought saturation in the RSI, while trading within an ascending price channel in the short term, with support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 135.30, provided the support of 118.55 holds on.
Expected trend for today: Bullish
Pfizer's stock rose 0.42% in the last session while seeking a bottom to bolster it higher anew, amid the dominance of the upward medium-term trend, with support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect the stock to rise and target the important resistance of 38.94.
Expected trend for today: Bullish