Gold price rose in its last intraday trading, due to its leaning on $5,100 key support level, gaining bullish momentum that helped it to rebound higher, amid the dominance of the minor bullish trend on short-term basis, with its trading alongside supportive trend line for this path, with the continuation of the positive pressure due to its trading above EMA50, noticing the emergence of positive overlapping signals from relative strength indicators, after reaching exaggerated oversold levels compared by the price move, to indicate forming positive divergence.
(EURUSD) moves in fluctuating trading on its last intraday levels, taking advantage of the stability of 1.1775 key support, taking advantage of positive signals from relative strength indicators, amid the dominance of the bearish corrective trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near-term basis.
Ethereum Classic (ETCUSD) price recorded a decline in its latest intraday trading, amid continued negative pressure resulting from trading below its 50-day SMA, which reinforces the stability and dominance of the main short-term bearish trend and increases the surrounding downside pressure. This comes alongside the emergence of negative signals from the Stochastic indicator, despite reaching deeply oversold levels.
Therefore we expect the cryptocurrency price to decline during its upcoming intraday trading sessions, targeting the nearby key support level at $7.85, with strong chances of breaking below it.
Today’s price forecast: Bearish
Williams-Sonoma, Inc. (WSM) stock price recorded a decline in its latest intraday trading after the key resistance level at $220.00 held firm, amid the emergence of negative signals from the Stochastic indicator. The stock is attempting to gain positive momentum that could help it recover and move higher again, as the latest pullback brought the price to test support at its 50-day SMA. This comes while the main short-term bullish trend remains dominant, with price moving alongside a supporting upward trendline.
Therefore we maintain a neutral outlook for the stock’s upcoming trading sessions, provided that the current support level at $201.00 holds, with the price expected to retest the previously mentioned resistance level at $220.00.
Today’s price forecast: Neutral