Gold price faced clear negative pressure to test the bullish channel’s support line, which urges caution from the upcoming trading, as breaking this support will force the price to start correctional wave before turning back to rise again, while the price needs to consolidate above 1876.00 to continue the main bullish trend that its next target located at 1928.60.
The EURUSD pair declined sharply after breaking 1.2175 level, to open the way to head towards 1.2064 as a next main target, making the bearish bias expected in the upcoming sessions, noting that breaking the targeted level will extend the bearish wave to reach 1.1960 direct, while the expected decline will remain valid unless breaching 1.2175 and holding above it.
American International Group's stock fell in the intraday levels after the resistance of 52.68 held on, while trying to gather momentum to help it rise anew, amid positive support from the 50-day SMA, with the dominance of the main upward trend in the medium and short terms, as the RSI reached oversold levels.
Therefore we expect the stock to return higher, targeting the resistance of 55.80, provided the resistance of 52.68 was breached.
Expected trend for today: Bullish