Gold price returns to decline and move near 1220.00 level, to keep the bearish trend scenario active until now, waiting to break the mentioned level to ease the mission of heading towards 1208.40 that represents our next main target, reminding you that it is important to hold below 1230.00 to continue the expected decline.

The EURUSD pair trades with clear negativity to attack 1.1525 level, which urges caution from the upcoming trades, as closing the daily candlestick below this level will put the price under more negative pressure to test 1.1443 areas initially, and the price is affected by stochastic negativity, while stepping above 1.1525 represents the key to regain the bullish trend that targets 1.1705 as a first station.

Chinese Alibaba's stock surged 3.77% in the last session, or 5.44 points, with positive signals from the RSI, countered by the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, especially if it settled back below 148.85, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 86.01 to 211.70), targeting the support of 134.02, which represents the ratio 61.8% of the same retracement levels. 

Expected trend for today: Likely Bearish        

Altaba's stock rose while still trading within a descending price channel that limited recent short-term trading, with negative pressure from the 50-day SMA, scoring a final profit of 3.12% in the last session, or 1.90 points, with positive signals from the RSI. 

Therefore we expect the stock to return lower, targeting the resistance of 57.61, as long as the resistance of 62.88 holds on. 

Expected trend for today: Likely Bearish