As the pair finished it’s retraction from yesterday, a further bearish downtrend is being forecasted. During Asian market hours, the price moved to bounce off of the resistance line 90.88 and is moving into a further downtrend as indicated by the RSI. Further bearish movement is to be expected throughout the day until the asset reaches a new support of 90.28, after which it is expected to correct. Strong signals for PUT options are to be seen throughout the day.
The beginning of the week showed a strong bearish indication towards gold. However current trend correction is signaling a change in overall sentiment towards cheapening the commodity. Current price action has stabilized after bouncing off of support at 1252.015 and is now rising in correction. A resistance of 1258.336 is expected to be broken by the end of the trading day. Signals will be expected to be mostly bullish indicating CALL options.
After this week’s starting with a surprising downward trend, GOOGLE is beginning to correct and maintain a bullish movement. As of yesterday the stock became extremely oversold and began to force a pivot towards a corrective pattern. Strong indicators form Stochastic and RSI, as well as visible formation of a trend, has shown a correction form strong bearish to moderate bullish. American hours traders can expect a majority of CALL options to generate from signals.