Gold price faced strong negative pressure to break 1825.15 and touches the intraday bullish channel’s support line, which urges caution from the upcoming trading, as surpassing the current support will push the price to achieve additional decline that reaches 1797.00, while the price needs to trade above 1825.15 again to resume the recently suggested bullish trend.
Silver price suffered strong losses after breaking 26.25 level, to touch 25.65 level and attempts to break it, which hints heading to achieve more decline in the upcoming sessions, noting that closing the daily candlestick below the last level will press on the price to head towards 24.95 as a next negative station.
Cisco's stock declined 0.81% in the last session while gathering momentum to help it rise anew, as it also vents off overbought saturation in the RSI with negative signals out of them, leaning thereafter on the support of the upside short-term trend line, while also leaning on the support of the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 55.30, provided the support of 52.85 holds on.
Expected trend for today: Bullish
eBay's stock rose 0.16% in the last session amid the dominance of the main upward medium-term trend, with positive pressure from the 50-day SMA, while the RSI reached oversold levels compared to the stock's movements, hinting at positive divergence.
Therefore we expect more gains for the stock, targeting the resistance of 70.75 anew.
Expected trend for today: Bullish