Jiming Huang / Blog
Despite mounting geopolitical risks, gold has done the opposite of what would have been expected and slumped, falling 5% from USD 1,228 to USD 1,162 per ounce during the Turkish currency crisis. Could it have been Turkish President Erdogan’s plea to his own people...
Pivot (invalidation): 6220 Our preference Long positions above 6220 with targets at 6455 & 6630 in extension. Alternative scenario Below 6220 look for further downside with 6060 & 5890 as targets...
Pivot (invalidation): 65.45 Our preference Short positions below 65.45 with targets at 64.30 & 63.60 in extension. Alternative scenario Above 65.45 look for further upside with 66.00 & 66.55 as targets...
Pivot (invalidation): 14.7000 Our preference Short positions below 14.7000 with targets at 14.2700 & 14.0000 in extension. Alternative scenario Above 14.7000 look for further upside with 14.9600 & 15.1000 as targets...
Pivot (invalidation): 1176.00 Our preference Short positions below 1176.00 with targets at 1166.50 & 1160.00 in extension. Alternative scenario Above 1176.00 look for further upside with 1184.00 & 1189.00 as targets...
Pivot (invalidation): 1.1260 Our preference Long positions above 1.1260 with targets at 1.1305 & 1.1345 in extension. Alternative scenario Below 1.1260 look for further downside with 1.1240 & 1.1220 as targets...
Pivot (invalidation): 0.8925 Our preference Long positions above 0.8925 with targets at 0.8960 & 0.8980 in extension. Alternative scenario Below 0.8925 look for further downside with 0.8900 & 0.8880 as targets...
Pivot (invalidation): 0.7225 Our preference Long positions above 0.7225 with targets at 0.7290 & 0.7320 in extension. Alternative scenario Below 0.7225 look for further downside with 0.7200 & 0.7180 as targets...
Pivot (invalidation): 1.3150 Our preference Short positions below 1.3150 with targets at 1.3095 & 1.3065 in extension. Alternative scenario Above 1.3150 look for further upside with 1.3175 & 1.3200 as targets...