Gold price breached 1960.00 level clearly and settles above it, to activate the bullish trend scenario in the upcoming sessions, on its way to achieve gains that reach 2000.00 initially, taking into consideration that the continuation of the bullish wave requires building support base above 1960.00 and holding above it.
McDonald's stock (MCD) fell 0.4% in the last session on profit-taking, while gathering positive momentum to rise anew, as it vented off overbought saturation from t he RSI, amid the dominance of the upward correctional wave in the short term, buoyed by trading above the 50-day SMA
Therefore we expect the stock to return higher, targeting the resistance of 262.60.
Expected trend for today: Bullish
Coca-Cola's stock (KO) declined on profit-taking while gathering positive momentum and venting off overbought saturation in the RSI, after piercing the pivotal resistance of 62.00, amid the dominance of the main upward short-term trend, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 66.38, provided it settles above 62.99.
Expected trend for today: Bullish
JPMorgan's stock (JPM) returned lower with a 0.37% loss, settling at 133.00, after attempts to vent off oversold saturation in the RSI, amid the dominance of the downward short-term trend, with negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the pivotal support of 127.25.
Expected trend for today: Bearish