Gold price resumes its positive trading clearly to move away from 1797.00 level, reinforcing the expectations of continuing the bullish trend in the upcoming period, and the way is open to achieve our waited target at 1825.15, reminding you that it is important to hold above 1797.00 to continue the expected rise.
McDonald's stock (MCD) rose 0.23% in the last session, settling at 268.49, amid positive pressure from the 50-day SMA, with the dominance of the main upward trend in the medium term, countered with negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 271.35.
Expected trend for today: Bullish
Coca-Cola's stock (KO) rose 0.12% in the last session amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels, while settling at 58.95.,
Therefore we expect more gains for the stock, targeting the resistance of 60.70, provided the support of 57.50 holds on.
Expected trend for today: Bullish
JPMorgan & Chase's stock (JPM) fell 0.05% in the last session, settling at 158.56, amid negative pressure from the 50-day SMA, with the dominance of the downward correctional short-term trend, while the RSI reached overbought levels compared to the stock's movements.
Therefore we expect more losses for the stock, targeting the support of 150.50, provided the resistance of 161.55 holds on.
Expected trend for today: Bearish