Market Update: 9 Dec 2020

Chart 1
  1. We’re still looking for an extended consolidation a la the Gold top in August, with 16k as interim support and a close above 20k as the invalidation for a further trend extension (Chart 1). Although looking less likely now, we still remain open to the possibility of a blow-off top above 20k, and will only be reacting on a close above 20k basis.
Chart 2
Chart 3
Chart 4
Chart 5

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