Gold price bounced upwards strongly after the decline that it witnessed in the previous sessions, to test the key resistance 1800.00, and the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, which targets 1765.00 followed by 1740.00 levels, noting that breaching 1800.00 will lead the price to recover and head towards 1820.00 initially.
Gold price broke 1800.00 level strongly to activate the bearish trend scenario in the upcoming sessions, and the way is open to achieve the negative targets that start at 1765.00 followed by 1740.00, making the bearish bias expected for the rest of the day unless breaching 1800.00 and holding above it.
Google's stock (GOOG) fell 0.29% 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 and short terms, with positive pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the resistance of 2,185, provided it holds above 2,055.
Expected trend for today: Bullish
Intel's stock rose 0.68% in the last session after leaning on the support of 59.45, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term (from 69.24 to 43.61), lending it positive momentum, with support from the 50-day SMA, countered by negative signals from the RSI.
Therefore we expect the stock to rise and target the next resistance at 63.25, representing the ratio 76.4% of the same retracement levels.
Expected trend for today: Bullish