Jiming Huang / Blog
Pivot (invalidation): 6.8590 Our preference Short positions below 6.8590 with targets at 6.8400 & 6.8320 in extension. Alternative scenario Above 6.8590 look for further upside with 6.8720 & 6.8840 as targets...
Pivot (invalidation): 0.6860 Our preference Long positions above 0.6860 with targets at 0.6900 & 0.6920 in extension. Alternative scenario Below 0.6860 look for further downside with 0.6845 & 0.6825 as targets...
Pivot (invalidation): 1.3660 Our preference Short positions below 1.3660 with targets at 1.3620 & 1.3605 in extension. Alternative scenario Above 1.3660 look for further upside with 1.3685 & 1.3710 as targets...
Pivot (invalidation): 0.9495 Our preference Short positions below 0.9495 with targets at 0.9470 & 0.9460 in extension. Alternative scenario Above 0.9495 look for further upside with 0.9510 & 0.9525 as targets...
Pivot (invalidation): 107.25 Our preference Short positions below 107.25 with targets at 107.00 & 106.80 in extension. Alternative scenario Above 107.25 look for further upside with 107.45 & 107.65 as targets...
Pivot (invalidation): 1.2400 Our preference Long positions above 1.2400 with targets at 1.2430 & 1.2450 in extension. Alternative scenario Below 1.2400 look for further downside with 1.2380 & 1.2360 as targets...
Pivot (invalidation): 1.1235 Our preference Short positions below 1.1235 with targets at 1.1205 & 1.1190 in extension. Alternative scenario Above 1.1235 look for further upside with 1.1255 & 1.1280 as targets...
Gold is down after a peak to $1780 per oz on Wednesday, as investors simultaneously liquidate their gold holdings along with their risky positions...
Persistent bad news on coronavirus cases and mounting trade tensions on White House’s plans to impose $3.1 new tariffs on European and British imports battered the market mood and brought investors to realize profits and walk away...