MHMarkets ：MHM European Market
Market Overview
During the Asian session on Friday (May 12), spot gold oscillated slightly lower, extending the overnight decline, once hitting a near one-week low of $2008.43 per ounce, and is now trading near $ 2009.73. While fears of a U.S. debt default gave gold prices safe-haven support, the U.S. dollar attracted a greater influx of funds. The U.S. hit a new high of more than a week overnight, putting pressure on gold prices; and Minneapolis Fed President Kashkari mentioned the possibility of keeping interest rates high for a longer period of time, which also put pressure on gold prices.
U.S. crude oil shock weakness, once hit a one-week low to $70.20 per barrel, lingering concerns about the U.S. debt default crisis. Thursday's poorer-than-expected economic data from China and the U.S. caused market fears of a recession to rise and the demand outlook to be dragged down, with the short term downside risk to the oil market picking up significantly.
This trading day investors need to pay attention to the preliminary value of the U.S. May University of Michigan consumer confidence index and the U.S. April import price index; Focus on the Federal Reserve officials speeches, G7 finance ministers and central bank governors meeting; Follow the U.S. debt ceiling negotiations related news.
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 May 12, Beijing time.
Intraday Oscillation Range: 1978-1985-1998-2007-2016-2033-2046-2057
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, 1978-1985-1998-2007-2016-2033-2046-2057 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 May 12. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 21.5-22.3-23.1-23.9-24.5-25.3
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, 21.5-22.3-23.1-23.9-24.5-25.3 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 May 12. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 67.3-68.9-70.1-71.2-72.3-73.1-73.8
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 Crude Oil, 67.3-68.9-70.1-71.2-72.3-73.1-73.8 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 May 12. 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 May 12. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 1.2375-1.2400-1.2470-1.2550-1.27000
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, 1.2375-1.2400-1.2470-1.2550-1.27000 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 May 12. This policy is a daytime policy. Please pay attention to the policy release time.
