Gold price faces strong negative pressure now to attack 1770.00 level, which urges caution from the upcoming trading, as breaking this level will push the price to turn to decline again, to head towards visiting 1735.00 areas on the near term basis, while consolidating above 1770.00 will lead the price to head towards 1797.00 as a first positive target.

Gold price faces strong negative pressure now to attack 1770.00 level, which urges caution from the upcoming trading, as breaking this level will push the price to turn to decline again, to head towards visiting 1735.00 areas on the near term basis, while consolidating above 1770.00 will lead the price to head towards 1797.00 as a first positive target.

The EURUSD pair touched our waited target at 1.1670 and bounced bearishly to approach testing the key support 1.1615, and the price needs to hold above this level to keep the positive scenario active for the upcoming period, as breaking it will press on the price to decline towards 1.1525 mainly, while breaching 1.1670 represents the key to rally towards 1.1760 as a next positive station.

Morgan Stanley's stock (MS) fell 0.71% in the last session, settling at 101.41, while gathering momentum to shake off negative pressure from the 50-day SMA, amid the dominance of the main upward trend in the medium and short terms, with positive signals from the RSI.

Therefore we expect the stock to return higher, targeting the pivotal resistance of 105.50, provided it settles above 98.70.

Expected trend for today: Bullish