Update: Gold price under the negative pressure
Gold price trades with strong negativity to attack 1786.50 level and attempts to break it, which urges caution from the upcoming trading, as confirming the break will press on the price to suffer additional losses and visit 1765.00 areas before any new attempt to rise, while consolidating above it will lead the price to resume the rise that its next target located at 1815.00.
Update: The EURUSD breaks the support
The EURUSD pair faced strong negative pressure after the positive US data that pushed the price to break 1.0515 level, noticing that the price attempts to recover and approaches the mentioned level again, and it needs to step above this level again to resume the bullish wave that its next target located at 1.0600, noting that consolidating below it will press on the price to visit 1.0345 areas before any new positive attempt.
SalesForce ends hopes of advancing - Analysis - 02-12-2022
SalesForce's stock (CRM) skidded in the intraday levels after announcing its co-CEO Bret Taylor will resign in January, while also reporting forecast-beating profits and earnings, however sales missed estimates, with the stock tumbling 8.27% in the last session, or 13.25 points, settling at 147.00, with trading volumes surpassing 33.7 million shares, above 10-day averages of 10.1 million shares.
Technically, the stock is exposed again to negative pressure from the 50-day SMA, while trading alongside the main downward trend in the medium term, with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the pivotal support of 137.60, provided it settles below 154.73.
Expected trend for today: Bearish
Dollar General breaches upward trend line - Analysis - 02-12-2022
Dollar General's stock (DG) skidded in the intraday levels after missing third quarter profits forecasts, with the company also expecting to miss four-quarter targets due to higher costs, with the stock sliding 7.56% in the last session, or 19.34 points, settling at 236.34, with trading volumes surpassing 8.2 million shares, above 10-day averages of 2.1 million shares.
Technically, the stock pierced the main upward trend line in the short term, while surpassing the support of the 50-day SMA, exposing it to negative pressure, with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the support 234.00 and subsequent supports.
Expected trend for today: Bearish