MHMarkets:April 19, 2023-MHM European Perspective
Market Overview
Spot gold oscillated narrowly during the Asian session on Wednesday (April 19) and is currently trading around $2002.13 per ounce. The U.S. dollar index has stabilized, making bulls wary. Overnight St. Louis Fed President Bullard said the Fed should continue to raise interest rates, with a preference for a hike to the 5.50-5.75% range. Several other Fed officials also spoke to the hawkish side, the Fed's May rate hike is expected to grip the market; U.S. bond yields held at several weeks high, gold prices rebounded by the 5-day SMA suppression, the technical short term bearish signal continues, gold prices still face further downside risk after the market.
U.S. crude oil traded near $80.92 per barrel; oil prices edged lower on Tuesday as upbeat economic data from the second-largest oil consumer offset concerns that a possible U.S. interest rate hike could dampen growth in the top consumer.
Intraday focus on the Fed's Brown Book on economic conditions and EIA data.
This trading day, the U.S. economic data less. Pay attention to the UK March CPI and PPI data, and the Chicago Fed President Goolsbee's speech.
MHMarkets 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 April 19, Beijing time.
Intraday Oscillation Range: 1978-1985-1998-2007-2016-2033-2046
Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1889-1903-1911-1929-1937-1951-1978-1985-1998-2007-2016-2033-2046-2057-2066-2077-2089-2097-2100
In the subsequent period of spot gold, 1978-1985-1998-2007-2016-2033-2046 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 April 19. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 23.9-24.5-25.3-26.1
Overall Oscillation Range: 19.7-20.1-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1-26.6-27.3
In the subsequent period of spot silver, 23.9-24.5-25.3-26.1 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 April 19. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 77.9-78.5-79.9-80.7-82.3-83.5
Overall Oscillation Range: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3-87.3-89.1
In the subsequent period of spot silver, 77.9-78.5-79.9-80.7-82.3-83.5 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 April 19. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 1.0690-1.0755-1.0830-1.0950-1.1157
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, 1.0690-1.0755-1.0830-1.0950-1.1157 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 April 19. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 1.2250-1.2375-1.2400-1.2470-1.2550
Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.2550-1.27000
In the subsequent period of GBPUSD, 1.2250-1.2375-1.2400-1.2470-1.2550 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 April 19. This policy is a daytime policy. Please pay attention to the policy release time.
