MHMarkets:February 20, 2023 - MHM European Perspective

Market Overview

On Monday, February 20, the spot gold rose in the Asian period, and the current trading price is around 1843.82. Bargain buying and hedging buying triggered by the geopolitical situation provide some support for the gold price. However, after a series of strong economic data and hawkish speeches by several Fed officials, the expectation of higher terminal interest rate of the Federal Reserve and the relatively strong US dollar made the gold price still face further downside risks in the future.

There are no important economic data on this trading day. It coincides with Washington's birthday. The US stock market will be closed for one day, and the gold market will be closed in advance. The overall trading may be subject to some restrictions. (Jin10 Data APP)

Mohicans Markets strategy is only for reference and not for investment advice. Please carefully read the statement at the end of the text. The following strategy will be updated at 15:00 on February 20, 2023, Beijing time.

Intraday Oscillation Range: 1801-1817-1833-1856-1873

Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1889-1903-1911-1929-1937-1951-1978-1985

In the subsequent period of spot gold, 1801-1817-1833-1856-1873 can be operated as the bull and bear range; High throw low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 20. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 20.6-21.5-22.3-23.1

Overall Oscillation Range: 19.7-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1

In the subsequent period of spot silver, 20.6-21.5-22.3-23.1 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 20. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 75.1-77.9-78.5-79.9-80.7

Overall Oscillation Range: 70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3

In the subsequent period of US crude oil, 75.1-77.9-78.5-79.9-80.7 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 20 This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0570-1.0690-1.0755-1.0830-1.0950

Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303

In the subsequent period of EURUSD, 1.0570-1.0690-1.0755-1.0830-1.0950 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 20. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.1830-1.1920-1.2030-1.2135-1.2250

Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.2550

In the subsequent period of GBPUSD, 1.1830-1.1920-1.2030-1.2135-1.2250 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 20. This policy is a daytime policy. Please pay attention to the policy release time.