Gold price touched our waited target at 1960.00 and presses negatively on it to move below it now, which urges caution from the upcoming trading, as closing the daily candlestick below it will put the price under additional negative pressure and head towards 1925.35 areas on the near term basis, while consolidating above it will lead the price to resume the main bullish trend again.
General Motors' stock (GM) rose 1.25% in the last session, buoyed by the support of 39.74, with positive signals from the RSI, with trading volumes amounting to 11.7 million shares, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 35.50, provided the support of 39.74 was breached.
Expected trend for today: Bearish
Home Depot's stock (HD) fell 1.42% in the last session, settling at 300.21, with trading volumes amounting to 3.1 million shares, with the downward correctional trend dominating short-term trading, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the support of 285.00, provided the support of 300.00 was breached.
Expected trend for today: Bearish
Honeywell's stock (HON) fell 1.60% in the last session, settling at 192.07, while trading alongside the upward correctional short-term trend line, with support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 199.30, provided the support of 188.65 holds on.
Expected trend for today: Bullish