Mohicans markets：European Market

Market Review

On Monday, October 10, during the Asian session, spot gold shock slightly down, and is currently trading near $ 1686 per ounce. Last Friday's better-than-market-expected U.S. non-farm payrolls report for September reinforced expectations that the Federal Reserve will raise interest rates sharply, and the dollar and U.S. bond yields surged and recorded three consecutive positive days, causing gold prices to weaken sharply. However, gold prices are still supported by the geographical situation and global recession fears.

The market believes that the stronger-than-expected non-farm payrolls report further pushed the Fed to raise interest rates by another 75 basis points at its meeting in early November. If gold prices fail to hold the support level of $1680, it may retest the $1660 level. The market will now focus on key U.S. inflation data, as well as the Fed meeting minutes.

Rising concerns over the Asian outbreak weighed on the demand outlook, prompting some longs to take profits after oil prices surged last week. In addition, concerns about further aggressive Fed rate hikes and Biden administration strategic oil reserve interventions also slightly depressed oil prices; however, the Ukrainian capital Kiev was hit by a missile attack and concerns about the Russian-Ukrainian geopolitical situation rose, oil prices still have the opportunity to further shake out higher in the aftermath.

Mohicans Markets strategy is for reference only and not as investment advice. Please read the terms of the statement at the end of the article carefully. The following strategy was updated at 15:30 on October 10, 2022, Beijing time.

Technical Analysis

CME Group options layout changes(December Futures price)：

1760 Bullish decrease sharply, bearish unchanged, upside action weaken

1750 Bullish increase, bearish increase sharply, resistance

1730 Bullish unchanged, bearish increase sharply, resistance

1715 Bullish decrease, bearish decrease, resistance

1700-1705 Bullish increase, bearish increase, long and short compete, key resistance

1680 Bullish increase slightly, bearish increase, short target

1675 Bullish increase, bearish decrease, support

Order flow key point labeling (spot price): 

1735 Monthly strong resistance

1720-1725 Hourly downtrend line resistance

1713 Non-farm payroll volume starting point, strong resistance

1707 Resistance level, short term long-short boundary

1700 Short-term resistance, below this level indicates that gold prices are still biased to the downside under pressure

1694-1690 Important support area, again broken alert to a new round of downside

1687 Second support

1670-1675 Trend support, lost to destroy the recent rally sentiment

Note: The above strategy was updated at 15:00 on October 10. This strategy is a day strategy, please pay attention to the release time of the strategy.

CME Group options layout changes：

21 Bullish increase sharply, bearish decrease slightly, long target

20.70-20.80 Bullish increase sharply, bearish unchanged, long target area

20.50 Bullish decrease, bearish increase sharply, strong resistance

20.25 Bullish increase, bearish increase, short term key resistance

20 Bullish decrease, bearish increase sharply, short target

19.50 Bullish decrease, bearish increase, short target

19.25 Bullish increase slightly, bearish decrease, support level

19 Bullish unchanged, bearish increase sharply, short target

Order flow key point labeling(spot price): 

21 Key Resistance

20.7 Non-farm payroll volume starting point, strong resistance

20.5 Short-term rally second high, strong resistance

19.95 Short-term key support lost, turning into first major resistance

19.46 Trend support, loss of bullish sentiment destroyed

19-19.25 Rising zone on Monday, this round of rallies in the long cost area

Note: The above strategy was updated at 15:00 on October 10. This strategy is a day strategy, please pay attention to the release time of the strategy.

CME Group options layout changes(November Futures price)：

95 Bullish increase sharply, bearish increase slightly, long target

93 Bullish decrease sharply, bearish decrease sharply, upside action weaken

92 Bullish increase sharply, bearish increase, long-short point of divergence

90 Bullish decrease sharply, bearish decrease sharply, support weaken, and short target

88 Bullish decrease, bearish increase, downside action expand

85 Bullish decrease, bearish increase, short target

Order flow key point labeling: 

95 Long target, key resistance

93.5 Second resistance in a day

92.6 First intraday resistance, watch for a pullback below this level

91.5 First support

89.3 Key support for the rise in oil prices

88 Key support

86 Key support

Note: The above strategy was updated at 15:00 on October 10. This strategy is a day strategy, please pay attention to the release time of the strategy.

0.985 Bullish increased significantly, bearish increased equally, long target and resistance

0.98 Bullish slightly increased, bearish significantly increased, rebound target and resistance

0.975 Bullish increased, bearish increased significantly and large stock, resistance level

0.97 Bullish increased, bearish increased significantly, support and fall back target

0.965 Bullish slightly increased, bearish significantly increased, short target and support

0.96 Bullish unchanged, bearish sharply increased, short target

Note: The above strategy was updated at 15:00 on October 10. This policy is a daytime policy. Please pay attention to the policy release time.

1.135 Bullish increased greatly, bearish unchanged, long target

1.125 Bullish decreased greatly, bearish unchanged, the next resistance

1.11 Bullish decreased greatly, bearish increased greatly, strong resistance

1.095 Bullish decreased less, bearish increased greatly and the large stock, and a short target

1.08 Bullish unchanged, bearish increased greatly, the next short target

Note: The above strategy was updated at 15:00 on October 10. This policy is a daytime policy. Please pay attention to the policy release time.

Warm prompt: This paper involves the key point marking and technical analysis of spot gold, spot silver and US crude oil. Refer to the change data of options positions published on the official website of CME and the average order flow change data of large brokers in the industry, starting from the market chip distribution, it is more accurate to mark the market trading sentiment within the important price range.

The order flow mainly refers to the following Oder Book data updated every 20 minutes, taking XAUUSD international gold as an example:

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.