Gold price touched 2200.00$ barrier and bounced bearishly to approach testing the key support 2166.50$, and as we mentioned in our previous reports, holding above this support keeps the bullish trend scenario active for the upcoming period, supported by the EMA50, reminding you that our next main target is located at 2222.86$.

The EURUSD price bounced downwards clearly after testing 1.0860$ level that formed solid resistance against the price, to resume the expected bearish track on the intraday basis, and the way is open to visit 1.0765$ that represents our next target, reminding you that breaking it will extend the bearish wave to reach 1.0645$ as a next negative station.

Honeywell International’s stock price (HON) fell in the intraday levels while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI, thus leaning on the support of the 50-day SMA, while also leaning on the upward correctional short-term trend line. 

Therefore we expect the stock to return  higher, targeting the important resistance of 210.60, provided the support of 196.00 holds on.

Trend forecast: Likely Bullish 

Nio’s stock price edged up in the intraday levels and recouped some recent losses, while venting off oversold saturation in the RSI with positive signals out of them, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the main support at 24.00, provided the stock settles below 5.24. 

Trend forecast: Likely Bearish