Jiming Huang / Blog
Pivot (invalidation): 1.2855 Our preference Short positions below 1.2855 with targets at 1.2835 & 1.2820 in extension. Alternative scenario...
Pivot (invalidation): 1.1015 Our preference Short positions below 1.1015 with targets at 1.0995 & 1.0980 in extension. Alternative scenario...
Both gold and silver have recently dropped to their three-month lows as US-China trade and Brexit risks retreated, the US stock market set record highs and US government yields rose. This has also made the gold-silver ratio rise to its highest levels since late-August...
The surprising move from the Reserve Bank of New Zealand to maintain its Cash rate on hold to historical low 1% surprised across the board, forcing traders to cover short trades...
Pivot (invalidation): 57.00 Our preference Short positions below 57.00 with targets at 56.25 & 56.00 in extension. Alternative scenario...
Pivot (invalidation): 16.7500 Our preference Long positions above 16.7500 with targets at 16.9200 & 16.9700 in extension. Alternative scenario...
Pivot (invalidation): 1453.00 Our preference Long positions above 1453.00 with targets at 1462.50 & 1466.00 in extension. Alternative scenario...
Pivot (invalidation): 3080.00 Our preference Long positions above 3080.00 with targets at 3102.00 & 3117.00 in extension. Alternative scenario...
Pivot (invalidation): 13220.00 Our preference Long positions above 13220.00 with targets at 13330.00 & 13380.00 in extension. Alternative scenario...