Gold price shows positive trades to attack 1556.70 level and moves above it now, which urges caution from the upcoming trading, as confirming breaching this level will stop the recently suggested correctional bearish scenario and leads the price to regain the main bullish trend.
The EURUSD pair continues to decline to approach our waited target at 1.1065, noting that it is important to monitor the price when reaching this level, as breaking it will extend the bearish wave to reach 1.0985 as a next negative station, while holding against the current bearish wave represents the key to resume the main bullish trend that moves organized inside the main bullish channel that appears on the chart.
Coca-Cola's stock rose 0.21%, marking fresh record highs and settling at 56.82, amid the dominance of the main upward long-term trend with positive support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 58.57.
Expected trend for today: Bullish
City Group's stock fell 0.30% in the last session while gathering momentum to help it rise anew, amid the dominance of the main upward trend, with positive support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect the stock to return higher, targeting the next resistance at 85.30.
Expected trend for today: Bullish