Gold price provides additional positive trades to surpass the minor bearish channel’s resistance, which urges caution from the upcoming trading, as holding with a daily close above this resistance will form positive factor that push the price to achieve additional gains that reach 1740.00 initially, while the price needs to break 1710.00 to keep the bearish trend scenario valid, which its first target located at 1692.00.
The EURUSD pair shows more bullish bias to test the bearish channel’s resistance that appears on the chart, and the price needs to consolidate below 1.1920 to keep the chances valid to continue the bearish trend for the upcoming period, as breaching this level will push the price to achieve more gains that reach 1.1976, while the price needs to trade below 1.1888 to reinforce the expectations of targeting 1.1780 as a next negative station.
3M's stock retreated 1.41% in the last session amid attempts to gather positive momentum, while venting off overbought saturation in the RSI as it emits negative signals, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 187.18.
Expected trend for today: Bullish
Morgan Stanley's stock (MS) fell 0.31% in the last session amid negative signals from the RSI, while the stock gathers momentum to help it pierce the resistance, amid support from the 50-day SMA, with the dominance of the main upward trend in the medium and short terms.
Therefore we expect the stock to return higher, targeting the resistance of 84.15, provided the support of 77.10 holds on.
Expected trend for today: Bullish