Gold price ended today and this week trading above 1263.00 level, which confirms the continuation of the bullish trend in the upcoming sessions, waiting for more gains that reach to 1295.37 on the near term basis, reminding you that holding above 1249.94 is important to keep the chances of continuing the expected rise.
The EURUSD pair settles at the EMA50 that continues to protect the recently suggested positive scenario, which depends on holding above 1.1123 level, waiting to head towards 1.1365 level that represents our next main target, noting that breaking 1.1170 will complete forming minor bearish pattern that threatens the stability above 1.1123 followed by pushing the price to turn its intraday track to the downside.
Starbucks' stock (SBUX) surged in the intraday levels, scoring a fresh profit of 1.63% in the last session, or 1.01 points, and succeeding in breaching the resistance of 61.94, amid positive support from the 50-day SMA, with positive signals from relative power indicators, coupled with the dominance of the main upward short-term trend.
Therefore we expect more gains for the stock, as long as it settles above 61.94, targeting the resistance of 64.00.
Nike's stock (NKE) rose in the intraday levels, scoring a profit of 0.65% in the last session, or 0.34 points, while getting hurt by exiting an ascending price channel recently, with negative pressure from the 50-day SMA, countered by positive signals from relative power indicators.
Therefore we expect the stock to return lower, targeting the pivotal support of 49.01, as long as the resistance of 53.76 holds on.