Google's stock (GOOG) rose 1.26% in the last session amid the dominance of the main upward medium-term trend, with positive pressure from the 50-day SMA, while a positive divergence forms in the RSI after reaching oversold levels compared to the stock's movements.
Therefore we expect more gains for the stock, targeting the resistance of 3000, provided the resistance of 2,904 was breached.
Expected trend for today: Bullish
Gold price succeeded to achieve our waited negative target at 1770.00 and broke this level strongly to settle below it, opening the way to continue the decline towards the next negative target at 1735.00, noting that the continuation of the bearish wave requires holding below 1770.00.
The EURUSD pair closed the last four hours’ candlestick below 1.1780 level, which supports the continuation of the expected bearish trend for the upcoming period, and the way is open to visit 1.1700 mainly, noting that it is important to hold below 1.1780 as a first condition to continue the suggested decline.
Intel's stock (INTC) returned higher with a 1.10% profit in the last session after leaning on the 50-day SMA, while hurt by piercing the downward correctional trend line recently, with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 56.90, provided the support of 52.64 holds on.
Expected trend for today: Bullish