Jiming Huang / Blog
Pivot (invalidation): 0.9760 Our preference Short positions below 0.9760 with targets at 0.9725 & 0.9705 in extension. Alternative scenario...
Pivot (invalidation): 110.55 Our preference Short positions below 110.55 with targets at 110.00 & 109.85 in extension. Alternative scenario...
Pivot (invalidation): 1.2905 Our preference Long positions above 1.2905 with targets at 1.2935 & 1.2950 in extension. Alternative scenario...
Pivot (invalidation): 1.0880 Our preference Long positions above 1.0880 with targets at 1.0920 & 1.0940 in extension. Alternative scenario...
There is some downside correction in gold despite the risk-off trading mood. The price of an ounce eased to $1625, after Monday’s advance to $1691. Yet buyers continue piling into gold at price retreats to hedge the risk of a deeper equity sell-off. The rush into US government bonds continue...
The early optimism in European stock markets was rapidly washed out at the open yesterday. US indices sold off heavily for a second consecutive day. The S&P500 and the Dow closed Tuesday’s session 3% lower, as Nasdaq dived 2.77% on mounting coronavirus worries. Nikkei lost 0...
Pivot (invalidation): 50.65 Our preference Short positions below 50.65 with targets at 49.70 & 48.95 in extension. Alternative scenario...
Pivot (invalidation): 18.2200 Our preference Short positions below 18.2200 with targets at 17.8300 & 17.7100 in extension. Alternative scenario...
Pivot (invalidation): 1653.00 Our preference Short positions below 1653.00 with targets at 1625.00 & 1613.00 in extension. Alternative scenario...