Gold price provides slight negative trades in attempt to resume the expected bearish trend on the intraday basis, to keep our bearish overview that targets testing 1447.00 level initially, reminding you that it is important to hold below 1489.00 to continue the suggested decline.
The EURUSD pair returns to trade below 1.1065 after attempting to breach it today, to keep the bearish trend scenario active for the upcoming period, which depends on the price stability below 1.1108, while its main targets located at 1.0995 followed by 1.0950.
Hewlett-Packard's stock kept rising in the short term, amid positive support from the 50-day SMA while scoring a 0.89% profit, settling above 20.18, which represents the ratio 38.2% of Fibonacci retracement levels for a descending wave in the medium term (from 27.06 to 15.91), with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the next resistance at 21.48.
Expected trend for today: Bullish
IBM's stock closed 0.99% higher with positive signals from the RSI, while suffering pressure from the 50-day SMA, and settling below the resistance of 134.88, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the medium term.
Therefore we expect the stock to return lower, targeting the next support of 129.34, representing the ratio 50%.
Expected trend for today: Bearish