MHMarkets:January 16, 2023- MHM European Perspective

Market Overview

Spot gold surged lower during the Asian session on Monday, January 16, hitting a new high since April 25 to $1,928.88 per ounce earlier. Mainly because inflation expectations continue to cool, the market expects the Fed to slow down interest rate hikes, and the dollar support extended the decline to a new low since June 3.

However, gold prices are now back down to near $1918.91 per ounce because it coincides with Martin Luther King Day and there is relatively little data and news. After gold prices rose sharply in the short term, some short term long positions took the opportunity to take profits. Investors need to beware of the risk of further pullbacks in the gold price short term.

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 January 16, 2023, Beijing time.

Intraday Oscillation Range:1883-1911-1929

Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1883-1911-1929-1937 

In the subsequent period of spot gold, 1883-1911-1929 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 January 16. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 23.1-23.9-24.5-25.3

Overall Oscillation Range: 20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1 

In the subsequent period of spot silver, 23.1-23.9-24.5-25.3 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 January 16. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 75.1-77.3-78.5-79.9-80.80

Overall 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 

In the subsequent period of crude oil, 73.8-75.1-77.3-78.5-79.9 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 January 16. This policy is a daytime policy. Please pay attention to the policy release time. 

Intraday Oscillation Range: 1.0690-1.0755-1.0830-1.0910

Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0910-1.1060 

In the subsequent period of EURUSD, 73.8-75.1-77.3-78.5-79.9 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 January 16. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.1920-1.2030-1.2135-1.2250-1.2375

Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470 

In the subsequent period of GBPUSD, 1.1920-1.2030-1.2135-1.2250-1.2375 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 January 16. This policy is a daytime policy. Please pay attention to the policy release time.