MHMarkets:12.28-MHM European Perspective

Market Overview 

At the beginning of the Asian market on Wednesday (December 28), the US dollar index fluctuated in a narrow range and is currently trading near 104.21. The US dollar was flat on Tuesday after China said that it would cancel the COVID-19 centralized isolation requirement for inbound passengers, which is an important step for China to reopen its borders, although the number of COVID-19 cases is soaring.

Spot gold fell slightly in shock. At present, it is trading near 1810 US dollars/ounce. The gold price is suppressed by the strong US bond yield. The yield of US 10-year treasury bonds hit a new high of 3.862% for nearly a month and a half overnight; However, the US dollar index is relatively weak, which still provides support for the gold price. After China decided to further relax the epidemic prevention restrictions, the safe haven buying of the US dollar needs to be further weakened.

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 28, 2022 Beijing time.

Intraday Oscillation Range: 1780-1803-1817-1833

Overall Large Oscillation Range: 1730-1756-1780-1803-1817-1833-1856

Spot gold in the subsequent period, 1780-1803-1817-1833 can be operated as an intraday range of bullish and bearish; 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 December 28. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 22.3-23.1-23.9-24.5

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

Spot silver in the subsequent period, 22.3-23.1-23.9-24.5 can be operated as an intraday range of bullish and bearish; 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 December 28. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 77.3-78.5-79.9-81.3-82.1

Overall Large Oscillation Range: 70.1-71.2-72.3-73.1-73.8-75.1-77.3-78.5-79.9-81.3-82.1-83.5

U.S. crude oil in the subsequent period, 77.3-78.5-79.9-81.3-82.1 can be operated as a range of bullish and bearish; 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 December 28. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0470-1.0580-1.0645

Overall Large Oscillation Range: 1.0290-1.0360-1.0470-1.0580-1.0645-1.0755

EURUSD in the subsequent period,1.0470-1.0580-1.0645 can be operated as an intraday range of bullish and bearish; 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 December 28. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.1920-1.2030-1.2135-1.2250

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

GBPUSD in the subsequent period, 1.1920-1.2085-1.2250-1.2400 can be operated as an intraday range of bullish and bearish; 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 December 28. This policy is a daytime policy. Please pay attention to the policy release time.