Gold price provided additional negative trades to approach our waited target at 1765.00, to keep the bearish trend active for the upcoming period, which depends on the price stability below 1820.00, noting that breaking the targeted level will extend the bearish wave and push the price to suffer more losses on the short term and medium term basis.
The EURUSD pair broke 1.2064 level strongly and attempts to hold below it, which hints the price head to turn to decline and achieve more bearish correction, on its way to visit 1.1976 as a next negative target, noting that closing today below 1.2064 will confirm the continuation of the decline in the upcoming sessions.
General Electric's stock (GE) rallied 2.05% in the last session while readying to tackle the pivotal resistance of 12.25, amid the dominance of the main upward trend in the medium and short terms, with support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 13.15, provided the resistance of 12.25 was breached.
Expected trend for today: Bullish
General Motors' stock (GM) fell in the last session amid negative signals from the RSI, while gathering momentum to help it rise anew, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 56.90 anew.
Expected trend for today: Bullish