Gold price rallied upwards strongly to breach 1692.00 and heads towards potential test to the bearish channel’s resistance around 1728.00, making the bullish bias suggested for the upcoming sessions, being aware that we need to monitor the price behavior when reaching the mentioned level, as breaching it will lead the price to exit the bearish channel and turn to rise, while bouncing bearishly and breaking 1692.00 will reactivate the bearish trend scenario that its next target located at 1665.00.
McDonald's stock (MCD) fell 1.04% in the last session while gathering positive momentum to help it rise anew, amid the dominance of the main upward trend in the medium term, with positive 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 231.75, provided the support of 218.50 holds on.
Expected trend for today: Bullish
3M's stock fell 0.56% in the last session, snapping a four-session profit streak as traders collect gains, while the stock gathers momentum to maintain the main upward medium-term trend, with positive pressure from the 50-day SMA, while venting off overbought saturation in the RSI.
Therefore we expect the stock to rise and target the psychological resistance of 200.00, provided the support of 187.18 holds on.
Expected trend for today: Bullish
Morgan Stanley's stock (MS) rose 1.55% in the last session after leaning on the main upward medium-term trend line, while also leaning on the support of the 50-day SMA, with positive support from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 85.00, provided the support of 77.10 holds on.
Expected trend for today: Bullish