Jiming Huang / Blog
Pivot (invalidation): 1.2520 Our preference Short positions below 1.2520 with targets at 1.2435 & 1.2400 in extension...
Pivot (invalidation): 1.0910 Our preference Short positions below 1.0910 with targets at 1.0855 & 1.0840 in extension. Alternative scenario...
COMEX gold soared to $1788 an ounce on Tuesday. The strengthening positive momentum hints that a further rise toward the $1800 could be a piece of cake in case of a sudden downturn in global risk appetite. The US dollar is under the pressure of the ballooning Federal Reserve (Fed) balance sheet...
US stock indices extended gains on Tuesday. The S&P500 gained 3.06% and Nasdaq rallied 3.95% as technology stocks led gains. Big banks were among the worst performers of the New York session, followed by energy stocks...
Pivot (invalidation): 21.10 Our preference Short positions below 21.10 with targets at 19.95 & 19.25 in extension. Alternative scenario...
Pivot (invalidation): 15.5400 Our preference Long positions above 15.5400 with targets at 15.8400 & 15.9300 in extension. Alternative scenario...
Pivot (invalidation): 1715.00 Our preference Long positions above 1715.00 with targets at 1738.00 & 1747.00 in extension. Alternative scenario...
Pivot (invalidation): 2770.00 Our preference Long positions above 2770.00 with targets at 2900.00 & 3002.00 in extension. Alternative scenario...
Pivot (invalidation): 10650.00 Our preference Long positions above 10650.00 with targets at 10930.00 & 11013.00 in extension. Alternative scenario...