Gold price faces new negative pressure to head towards potential test to the key support 1765.00, and it needs to consolidate above this level to keep the main positive scenario active for the upcoming period, supported by stochastic head towards the oversold areas, reminding you that our waited targets begin at 1800.00 followed by 1838.00.
The EURUSD pair tested 1.2064 level and bounced downwards clearly from there, to head towards potential test to the key support 1.1975, to keep the price confined between the trend confirmation levels, waiting to breach one of them to detect the next destination clearly.
Honeywell's stock (HON) returned higher with a 1.39% profit in the last session, settling at 230.50 and tackling the current resistance of 231.20, amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA, countered with negative signals from the RSI in an attempt to vent off overbought saturation.
Therefore we expect more gains for the stock, targeting the resistance of 238.55, provided the resistance of 231.20 was breached.
Expected trend for today: Bullish
Hewlett-Packard's stock (HPQ) returned higher with a 1.59% in the last session, while gathering momentum and venting off overbought saturation in the RSI, with negative signals from the RSI, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the resistance of 35.00, provided the support of 32.50 holds on.
Expected trend for today: Bullish