Gold prices managed to achieve our waited target at 1945.20 and presses negatively on it in attempt to break it, to support the continuation of the bearish trend domination in the upcoming sessions, noting that our next target is located at 1913.15, noting that the consolidation of 1945.20 against the current negative pressure will stop the expected decline and lead the price to attempt to recover and head to test 1977.25 areas initially.
Johnson & Johnson's stock (JNJ) fell in the intraday levels, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-SMA, marking a fresh loss of 0.10% in the last session, or 15 cents, and settling at 156.66, while the RSI reached oversold levels compared to the stock's movements, leading to even more upcoming losses.
Therefore we expect more losses for the stock, targeting the pivotal support of 150.70, provided the resistance of 159.00 holds on.
Expected trend for today: Bearish
Snap's stock traded little changed in the intraday levels after hitting the resistance of 9.80, while touching the resistance of the 50-day SMA, as it retested the upward correctional short-term trend line, with negative signals from the RSI after reaching overbought levels compared to the stock's movements, hinting at negative divergence.
Therefore we expect the stock to decline and target the first support at 8.90, provided the resistance of 9.80 holds on.
Expected trend for today: Bearish
ExxonMobil's stock (XOM) rose in the intraday levels after leaning on the support of the main upward medium-term trend line, lending the stock positive momentum and sending it 1.12% higher in the last session, or 1.19 points, and settling at 107.59, with positive signals from the RSI, countered by negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 119.60, provided the initial resistance of 111.00 is pierced.
Expected trend for today: Bullish