Jiming Huang / Profil

Pivot (invalidation): 1.1425 Our preference Short positions below 1.1425 with targets at 1.1390 & 1.1360 in extension. Alternative scenario Above 1.1425 look for further upside with 1.1450 & 1.1470 as targets...

In the commodity market, gold has retreated in early trading on Wednesday but has consolidated well above $1,800 after temporarily breaking below that level on Tuesday. The metal is currently down 0.20% to $1,810...

Wall Street reversed higher after a depressive start of the week. On Tuesday, all three indices secured gains after a volatile session. Investors’ risk appetite increased after Moderna published encouraging data on the most probable candidate for a COVID-19 vaccine...

Pivot (invalidation): 39.90 Our preference Long positions above 39.90 with targets at 40.85 & 41.40 in extension. Alternative scenario Below 39.90 look for further downside with 39.50 & 39.10 as targets...

Pivot (invalidation): 19.1000 Our preference Long positions above 19.1000 with targets at 19.3700 & 19.5100 in extension. Alternative scenario Below 19.1000 look for further downside with 18.9700 & 18.8500 as targets...

Pivot (invalidation): 1803.00 Our preference Long positions above 1803.00 with targets at 1813.00 & 1818.00 in extension. Alternative scenario Below 1803.00 look for further downside with 1796.00 & 1790.00 as targets...

Pivot (invalidation): 3165.00 Our preference Long positions above 3165.00 with targets at 3214.00 & 3234.00 in extension. Alternative scenario Below 3165.00 look for further downside with 3140.00 & 3115.00 as targets...

Pivot (invalidation): 12530.00 Our preference Long positions above 12530.00 with targets at 12840.00 & 13000.00 in extension. Alternative scenario Below 12530.00 look for further downside with 12420.00 & 12260.00 as targets...

Pivot (invalidation): 6.8680 Our preference Short positions below 6.8680 with targets at 6.8580 & 6.8500 in extension. Alternative scenario Above 6.8680 look for further upside with 6.8750 & 6.8820 as targets...

Pivot (invalidation): 0.6980 Our preference Long positions above 0.6980 with targets at 0.7015 & 0.7025 in extension. Alternative scenario Below 0.6980 look for further downside with 0.6960 & 0.6930 as targets...

Pivot (invalidation): 1.3625 Our preference Short positions below 1.3625 with targets at 1.3580 & 1.3555 in extension. Alternative scenario Above 1.3625 look for further upside with 1.3645 & 1.3670 as targets...

Pivot (invalidation): 0.9390 Our preference Long positions above 0.9390 with targets at 0.9410 & 0.9425 in extension. Alternative scenario Below 0.9390 look for further downside with 0.9375 & 0.9365 as targets...

Pivot (invalidation): 107.10 Our preference Long positions above 107.10 with targets at 107.40 & 107.50 in extension. Alternative scenario Below 107.10 look for further downside with 106.95 & 106.75 as targets...

Pivot (invalidation): 1.2540 Our preference Long positions above 1.2540 with targets at 1.2585 & 1.2610 in extension. Alternative scenario Below 1.2540 look for further downside with 1.2505 & 1.2480 as targets...

Pivot (invalidation): 1.1385 Our preference Long positions above 1.1385 with targets at 1.1420 & 1.1445 in extension. Alternative scenario Below 1.1385 look for further downside with 1.1360 & 1.1335 as targets...

Despite US-China tensions and surging COVID cases, the gold price has dropped below $1,800 to test a support level that proved reliable on Friday. It seems that investors have booked profits after an impressive rally that accelerated in June...

US equities were mixed on Monday, though the main rhetoric was bearish. Dow Jones (+0.04%) saved the day by securing a fragile gain, but S&P 500 (-0.94%) and Nasdaq (-2.13%) were in free fall for most of the session...

Pivot (invalidation): 39.90 Our preference Short positions below 39.90 with targets at 38.55 & 38.00 in extension. Alternative scenario Above 39.90 look for further upside with 40.30 & 40.70 as targets...

Pivot (invalidation): 19.2300 Our preference Short positions below 19.2300 with targets at 18.8100 & 18.6300 in extension. Alternative scenario Above 19.2300 look for further upside with 19.3700 & 19.4800 as targets...

Pivot (invalidation): 1809.00 Our preference Short positions below 1809.00 with targets at 1788.00 & 1780.00 in extension. Alternative scenario Above 1809.00 look for further upside with 1813.00 & 1818.00 as targets...