Gold price attacked the bullish channel’s support line and achieved initial break to it, but it shows positive trades now in attempt to return above this support, to keep the chances valid to continue the main bullish trend, which depends on the price stability above 1920.35 as a first condition to continue the expected rise, noting that the next target is located at 1950.00.

The EURUSD pair faced temporary negative pressure to approach the key support 1.0830, and as long as the price is above this level, our bullish overview will remain valid for the upcoming period, supported by the EMA50, reminding you that our next target reaches 1.1030.

Costco's stock (COST) rose in the intraday levels after announcing that its board is launching a buy-back program worth $4 billion, sending the stock up 2.26%, or 10.62 points, and settling at 480.11, with trading volumes surpassing 2.5 million shares.

The gains came amid negative pressure from the 50-day SMA, with negative signals from the RSI after reaching overbought levels, while hurt by piercing the upward correctional trend line recently. 

Therefore we expect the stock to return lower, targeting the support of 453.80, provided the resistance of 490.48 holds on.

Expected trend for today: Bearish

Eli Lilli and Company's stock (LLY) fell in the intraday levels, after the FDA refused its experimental Alzheimer medicine for not providing enough clinical data, sending the stock down 1.43%, or 5.01 points in the last session, and settling at 346.07, with trading volumes surpassing 5.3 million shares, above 10-day averages of 2.6 million shares.

Technically, the decline comes as the stock seeks a bottom to bolster it higher, amid the dominance of the main upward short-term trend, countered by negative signals from the RSI, coupled with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 375.19, provided the support of 340.75 holds on.

Expected trend for today: Bullish