Gold price achieved new breach to the bullish channel’s resistance, hinting the price head to achieve more gains, targeting testing 1286.70 level, noting that surpassing 1280.00 is required to confirm the continuation of the bullish bias, while failing to breach it followed by trading below 1270.00 again will reactivate the bearish trend scenario that targets 1238.30 level mainly.
The EURUSD pair traded positively today to test 1.1443 level again, and it’s still below it until now, to keep the bearish trend scenario valid until now, but it is important to monitor the upcoming trading, as breaching this level will lead the price to turn to rise and visit 1.1550 areas initially.
Coca-Cola's stock rose 2.13% in the previous session, or 0.98 points, while leaning on the upside short-term trend line, with positive signals from the RSI after reaching oversold levels, countered with negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, especially if the resistance of 46.87 was breached, targeting the resistance of 48.62.
Expected trend for today: Bullish
Bank of America's stock rose 6.07% in the last session, or 1.38 points, while venting off oversold saturation in the RSI, amid the dominance of the downward trend in the medium and short terms, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, as long as the resistance of 24.31 holds on, targeting the support of 22.85 anew.
Expected trend for today: Likely Bearish