Gold price returns to achieve some gains and heads towards potential test to 1489.00, but we notice that stochastic loses its positive momentum clearly, to support the chances of bouncing bearishly and resume the expected bearish trend for the upcoming period, which depends on the price stability below the mentioned level, while our first target is located at 1447.00.
The EURUSD pair bounced downwards strongly after the price found solid resistance at 1.1180, to test 1.1108 level again, and as we mentioned in our recent reports, the price needs to hold above the last level to keep the bullish trend scenario active for the upcoming period, reminding you that breaching 1.1180 will push the price to 1.1280 as a next main station.
Walmart's stock rose 0.64% in the last session with support from the 50-day SMA, amid the dominance of the main upward trend in the long term, with negative signals from the RSI.
Therefore we expect more gains, targeting the resistance of 125.232.
Expected trend for today: Bullish
Wheat price shows sideways trading since morning, settling around 530.0, noticing that stochastic provides positive signals to support the chances of resuming the expected bullish trend for today, which targets 540.0 followed by 556.1 levels as next main stations, while holding above 517.6 represents main condition to continue the expected bullish wave.
The expected trading range for today is between 520.0 support and 548.0 resistance.
The expected trend for today: Bullish