Jiming Huang / Blog
Pivot (invalidation): 106.95 Our preference Short positions below 106.95 with targets at 106.70 & 106.50 in extension. Alternative scenario Above 106.95 look for further upside with 107.10 & 107.25 as targets...
Pivot (invalidation): 1.2630 Our preference Long positions above 1.2630 with targets at 1.2690 & 1.2720 in extension. Alternative scenario Below 1.2630 look for further downside with 1.2605 & 1.2580 as targets...
Pivot (invalidation): 1.1305 Our preference Long positions above 1.1305 with targets at 1.1350 & 1.1370 in extension. Alternative scenario Below 1.1305 look for further downside with 1.1290 & 1.1275 as targets...
Gold retreated to $1795 per oz as investors liquidated their long gold holdings at the same time then they exited their risk positions. The simultaneous equity, gold sell-off in risk environment has become a usual behaviour and doesn’t dent the gold’s safe haven value in medium term...
The relation between the US and China is about to get worse after the US imposed sanctions on top Chinese officials for the abuse of human rights in the Xinjiang region. News come about the same time than the political frictions over the Hong Kong’s new national security law...
Pivot (invalidation): 39.80 Our preference Short positions below 39.80 with targets at 38.85 & 38.45 in extension. Alternative scenario Above 39.80 look for further upside with 40.05 & 40.30 as targets...
Pivot (invalidation): 18.7300 Our preference Short positions below 18.7300 with targets at 18.4600 & 18.3500 in extension. Alternative scenario Above 18.7300 look for further upside with 18.9000 & 19.0300 as targets...
Pivot (invalidation): 1809.00 Our preference Short positions below 1809.00 with targets at 1795.00 & 1787.00 in extension. Alternative scenario Above 1809.00 look for further upside with 1818.00 & 1825.00 as targets...
Pivot (invalidation): 3115.00 Our preference Long positions above 3115.00 with targets at 3184.00 & 3225.00 in extension. Alternative scenario Below 3115.00 look for further downside with 3101.00 & 3085.00 as targets...