MHMarkets:December 19 - MHM European Perspective
Market Overview
On Monday, December 19, Beijing time, during the Asian and European session, spot gold narrowly oscillated and is currently trading near $ 1792.11 per ounce, the prospect of further interest rate hikes by the Federal Reserve next year offset the dollar weakening in the support brought. The dollar index is currently down about 0.3%, and trading around 104.50. A weaker dollar makes gold more attractive to holders of other currencies.
With no important economic data out this session, the market is in a wait-and-see mood, which may limit the overall trading space.
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 19, 2022, Beijing time.
Technical Analysis
CME Group options layout changes (February Futures Price)：
1850 Bullish increased, bearish unchanged, long target
1835 Bullish increased sharply, bearish decreased slightly, long target
1800 Bullish increased sharply but the stock was large, bearish increased sharply, break could extend downside momentum
1780 Bullish decreased slightly, bearish increased, short target
1745 Bullish unchanged, bearish increased sharply, short target
Order flow key point marking (Spot Price)：
1825 Key resistance
1813 High at Fed meeting, important resistance
1795 First resistance
1786 200 daily line, short-term key support
1773 Lower edge of the oscillator range from the second half of last week, key support
1765 Lower edge of oscillator range since December, top-bottom transition, support
1740-1747 The starting point of Powell's speech at the beginning of the month, important support area
Note: The above strategy was updated at 15:00 on December 19. This policy is a daytime policy. Please pay attention to the policy release time.
CME Group options layout changes (March Futures Price)：
24 Bullish decreased but the stock was large, bearish decreased slightly, resistance level
23.75 Bullish unchanged, bearish decreased slightly, resistance weakened
23.25 Bullish increased slightly, bearish increased, short-term short target
23.1 Bullish unchanged bullish, bearish increased, short target
23 Bullish increased slightly, bearish increased, support and short target
22.5 Bullish increased slightly, bearish increased, support and short target
Order flow key point marking (Spot Price)：
24-24.17 March double top neckline level, strong resistance area
23.55 Secondary resistance
23.35-23.40 Resistance area, long-short boundary in the short term
23 First support
22.57 Long key defensive level, important support
22 Support level
21.55 Powell's speech at the beginning of the rally, an important support
Note: The above strategy was updated at 15:00 on December 19. This policy is a daytime policy. Please pay attention to the policy release time.
Change of CME Group option layout (futures price in February):
80 Bullish increased significantly, bearish decreased significantly, long target
76 Bullish increased significantly, bearish increased slightly, resistance level
75 Bullish increased significantly, bearish decreased, support level
74 Bullish increased significantly, bearish increased, support level
73 Bullish decreased, bearish sharply increased, short target
70 Bullish increased, bearish decreased but huge stock, short target
Order flow key point marking (spot price):
77.8-78 Double top resistance, key
76.6 Second resistance, daily line Bollinger belt middle track
75.8 First resistance level, focus on the breakthrough of this level first
75 First support position
73-73.5 Key support areas
71-71.3 Starting point, support area
70 Front low, double bottom support area
Note: The above strategy was updated at 15:00 on December 19. This policy is a daytime policy. Please pay attention to the policy release time.
Change of CME Group option layout (futures price in January):
1.075 Bullish increased significantly, bearish increased slightly, long target
1.07 Bullish slightly decreased, bearish increased and stocks were large, resistance
11.065 Bullish increased, bearish slightly increased, rebound target and resistance
1.06 Bullish unchanged, bearish sharply reduced, important support
1.055 Bullish unchanged, bearish increased, falling target
1.05 Bullish slightly decreased but stocks were large, bearish slightly increased, with short target and support
Note: The above strategy was updated at 15:00 on December 19. This policy is a daytime policy. Please pay attention to the policy release time.
CME Group data today:
11.24 Bullish decreased, bearish unchanged, important resistance
1.23 Bullish unchanged, bearish unchanged, but the stock was large, the next resistance
11.22 Bullish slightly decreased, bearish slightly increased, the first resistance
1.215 Bullish unchanged, but the stock was large, bearish unchanged, support
1.21 Bullish unchanged, bearish slightly increased, falling target
1.205 Bullish unchanged but the stock was large, bearish increased, the short target and support
Note: The above strategy was updated at 15:00 on December 19. 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 consultation only. It does not take into account your investment objectives, 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 warranty or representation on this material. The examples in this material are for illustrative purposes only. To the extent permitted by law, MHMarkets and its employees shall not be liable for any loss or damage arising from any information provided or omitted in this material in any way (including negligence). The characteristics of MHMarkets' products, including applicable fees and charges, are outlined in the product disclosure statement provided on MHMarkets' website. Derivatives may be risky; The loss may exceed your initial payment. MHMarkets recommends that you seek independent advice.
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