Jiming Huang / Blog
Gold rallied to $1637 per oz. The actual positive move in gold prices are backed by a shortage of physical gold in the markets as a result of ceased activity in gold refineries due to the Covid-19 outbreak...
After an early drop to the negative territory, US stocks eventually recovered, and two of the three leading US stock indices ended the Wednesday session in the green. As such, we saw two consecutive-day gains in the US stocks for the first time since the coronavirus-led freefall began...
Pivot (invalidation): 24.90 Our preference Short positions below 24.90 with targets at 23.70 & 23.10 in extension. Alternative scenario...
Pivot (invalidation): 14.5200 Our preference Short positions below 14.5200 with targets at 13.9700 & 13.7600 in extension. Alternative scenario...
Pivot (invalidation): 1620.00 Our preference Short positions below 1620.00 with targets at 1585.00 & 1564.00 in extension. Alternative scenario...
Pivot (invalidation): 2350.00 Our preference Long positions above 2350.00 with targets at 2571.00 & 2710.00 in extension. Alternative scenario...
Pivot (invalidation): 10140.00 Our preference Short positions below 10140.00 with targets at 9455.00 & 9200.00 in extension. Alternative scenario...
Pivot (invalidation): 6.4090 Our preference Long positions above 6.4090 with targets at 6.4760 & 6.5100 in extension. Alternative scenario...
Pivot (invalidation): 0.5935 Our preference Short positions below 0.5935 with targets at 0.5860 & 0.5805 in extension. Alternative scenario...