Jiming Huang / Blog
Pivot (invalidation): 0.6580 Our preference Short positions below 0.6580 with targets at 0.6450 & 0.6400 in extension...
Pivot (invalidation): 1.3570 Our preference Long positions above 1.3570 with targets at 1.3695 & 1.3760 in extension. Alternative scenario...
Pivot (invalidation): 0.9315 Our preference Short positions below 0.9315 with targets at 0.9175 & 0.9140 in extension. Alternative scenario...
Pivot (invalidation): 103.60 Our preference Short positions below 103.60 with targets at 101.50 & 100.50 in extension. Alternative scenario...
Pivot (invalidation): 1.3035 Our preference Long positions above 1.3035 with targets at 1.3125 & 1.3160 in extension. Alternative scenario...
Pivot (invalidation): 1.1355 Our preference Long positions above 1.1355 with targets at 1.1460 & 1.1495 in extension. Alternative scenario...
Gold is preparing for its best week since 2016. The ounce of precious metal traded at $1680 and the strengthening positive momentum could encourage a further rise to the $1700 mark. But gold is not virus-proof...
Equity markets were marked by wild upside and downside swings this week, moving in a completely random pattern and furiously rejecting all support from governments and central banks. At this point no one can really explain why the markets behave the way they do, and what may be next...
Pivot (invalidation): 46.35 Our preference Short positions below 46.35 with targets at 44.85 & 44.20 in extension. Alternative scenario...