Gold price did not show strong move today, to fluctuate within sideways and tight track, settling below 1230.00 level, thus, the bearish trend scenario will remain valid as it is without any change, depending on the price stability below 1230.00 and 1238.40 levels, reminding you that our main waited target is located at 1208.40.
The EURUSD pair found solid support at 1.1443 level, to rebound upwards clearly and begins testing the key resistance 1.1525, which urges caution from the upcoming trading, as breaching this level will push the price to achieve more gains and visit 1.1705 initially, while holding below it will keep the bearish trend scenario valid for the upcoming period.
General Motors' stock breached the support of 31.92, recording a loss of 2.66% in the last session, or 0.85 points, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, countered with positive signals from the RSI.
Therefore we expect more losses for the stock, as long as it settles below 31.92, targeting the support of 29.90.
Expected trend for today: Bearish
General Electric's stock scored a profit of 1.56% in the last session, or 0.19 points, amid negative pressure from the 50-day SMA, with negative signals from the RSI, and amid the dominance of the main downward trend in the medium and short terms.
Therefore we expect the stock to return lower, targeting the support of 11.22, as long as the resistance of 12.82 holds on.
Expected trend for today: Likely Bearish