MHMarkets:December 5-European Perspective
Market Overview
On Monday, December 5, Beijing time, during the Asian and European session, spot gold shocks up and once refreshes nearly five months high to 1809.85 U.S. dollars per ounce. Several cities in Asia relaxed epidemic control last weekend, the market's safe-haven demand for the dollar weakened, the Fed will slow the pace of interest rate hikes is also expected to linger; the dollar index fell to a new low of more than five months, which gives gold prices to provide upward momentum.
This trading day the U.S. ISM non-manufacturing PMI for November need to be followed, the market is expected to 53.1, and the previous value of 54.4. If in line with expectations, it will be nearly two and a half years since the new low, which is expected to further give gold prices to provide upward momentum. In addition, the geopolitical situation related news also need to be followed.
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 December 5, 2022 Beijing time.
Technical Analysis
CME Group options layout changes (February Futures Price)：
1850 Bullish decreased, bearish unchanged, the previous long target
1820 Bullish decreased, bearish increased slightly, resistance level
1810 Bullish increased, bearish increased sharply, short-term short target
1800 Bullish decreased slightly, bearish increased, short target and support
1775 Bullish increased, bearish increase, long and short compete for points
1750 bullish decreased slightly, bearish decreased sharply, support level
Order flow key point marking (Spot Price)：
1831 Long target
1825 Third resistance
18147 Month high resistance
1804-1806 Key support during the day
1796 Short-term support
1781-1788 Fluctuating region after non-farm payrolls, key support area
1774 Third support, loss would destroy upside momentum
Note: The above strategy was updated at 15:00 on December 5. This policy is a daytime policy. Please pay attention to the policy release time.
CME Group options layout changes：
24 Bullish increased sharply and the stock was large, bearish unchanged, long target
23.5 Bullish increased, bearish unchanged, short long target
23.25 Bullish increased, bearish increased sharply, short-term short target
23 Bullish decreased sharply but the stock was large, bearish increased, support weakened
22.5 Bullish decreased, bearish increased sharply, short target
Order flow key point marking (Spot Price)：
24.4 Key resistance
24 Long Target
23.4-23.6 Resistance range
22.9-23 Resistance became support
22.4-22.5 Major cycle key position, June highs, loss will break uptrend
22.20 Key support area
21.8-21.9 Support level
21.55 Key support, defensive position for bulls
Note: The above strategy was updated at 15:00 on December 5. This policy is a daytime policy. Please pay attention to the policy release time.
Change of CME Group's option layout (Futures price in January):
85 Bullish increased and large stock, bearish declined slightly, long target
84 Bullish increased significantly, bearish decreased, long target
82 Bullish sharply reduced, bearish sharply increased, key resistance level
80-80.5 Bullish increased significantly, bearish decreased significantly, supporting area
78-78.5 Bullish slightly decreased, bearish sharply increased, short target
77.5 Bullish slightly increased, bearish sharply decreased, support level
77 Bullish increased, bearish increased significantly, short target
75 Bullish declined, bearish declined significantly, but the stock was huge, support level
Key point marking of order flow (Futures price in January):
87.5 Resistance level
85-86 Key resistance area, with strong resistance
83.1-83.3 Key resistance of rally
82 First resistance level
80-80.5 Short line key support area
79-78.7 Resistance and starting point of large-scale breakthrough, turning into support
Note: The above strategy was updated at 15:00 on December 5. This policy is a daytime policy. Please pay attention to the policy release time.
Technical Analysis
CME Group data today:
1.07 Call options+441 Large and large inventory, unchanged put options, long target
1.065 Call options+123 hands, put options+2 hands, rebound target and resistance
1.06 Call options+58 lots and large stock, put options remain unchanged, rebound target
1.055 call options+74 hands, put options+22 hands, support
1.05 Call options+63 lots and large stock, put options+1105 lots, falling back target and support
1.045 Call options+18 hands, put options+292 hands, short target and support
Note: The above strategy was updated at 15:00 on December 5. This policy is a daytime policy. Please pay attention to the policy release time.
CME Group data today:
1.25 Bullish increased, bearish unchanged, long target
1.245 Bullish increased, bearish unchanged, rebound target
1.24 Bullish decreased, bearish unchanged, next resistance
1.235 Slight increase in bullish and bearish, the first resistance
1.23 Bullish slightly reduced, bearish unchanged, falling target
1.225 Bullish slightly decreased, bearish slightly increased, short target
1.215 Bullish unchanged, bearish increased, next short target
Note: The above strategy was updated at 15:00 on December 5. This policy is a daytime policy. Please pay attention to the policy release time.
Statement|Disclaimer
Disclaimer: The information contained in this material is for general advice only. It does not take into account your investment goals, financial situation or special needs. We have made every effort to ensure the accuracy of the information as of the date of publication. MHMarkets makes no warranties or representations about this material. The examples in this material are for illustration only. To the extent permitted by law, MHMarkets and its employees shall not be liable for any loss or damage arising in any way, including negligence, from any information provided or omitted from this material. The features of MHMarkets products, including applicable fees and charges, are outlined in the product disclosure statements available on the MHMarkets website. Derivatives can be risky and losses can exceed your initial payment. MHMarkets recommends that you seek independent advice.
Mohicans Markets, (Abbreviation: MHMarkets or MHM, Chinese name: Maihui), Australian Financial Services License No. 001296777.
