Gold price trades positively to attack the bearish channel’s resistance, which requires caution from the upcoming trading, as closing the daily candlestick above this resistance will push the price to test 1489.00 level before any new attempt to decline, while the price needs to hold below 1472.00 to regain the correctional bearish trend.
The EURUSD pair shows positive trading in attempt to move away from 1.1065 level, to keep the bullish trend scenario active for the upcoming period, supported by the EMA50, reminding you that our targets begin at 1.1105 and extend to 1.1180, while achieving them requires holding above 1.1065.
Russell 2000's indicator rose and tackled the ceiling of a positive pattern that formed recently, the Flag pattern, with positive support from the 50-day SMA and the RSI.
Therefore we expect more gains for the stock, targeting the pivotal resistance at 1621.40, provided the ceiling is breached.
Expected trend for today: Bullish
IBM's stock fell marginally with positive signals from the RSI, while settling below the resistance of 134.89, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 105.88 to 152.749), with negative pressure from the 50-day SMA.
Therefore we expect the stock to decline and target the next support at 129.33.
Expected trend for today: Bearish