Abstract:On Friday, December 9, Beijing time, during the Asian and European session, spot gold shocks up, and is currently trading near $ 1795 per ounce. Market concerns about the lingering U.S. recession dragged the dollar down, approaching support for more than five-month lows, providing support for gold prices. Market expectations that the Federal Reserve will slow down some of its interest rate hikes also helped the bulls. However ……
Market Overview
On Friday, December 9, Beijing time, during the Asian and European session, spot gold shocks up, and is currently trading near $ 1795 per ounce. Market concerns about the lingering U.S. recession dragged the dollar down, approaching support for more than five-month lows, providing support for gold prices. Market expectations that the Federal Reserve will slow down some of its interest rate hikes also helped the bulls. However, the market remains relatively cautious ahead of next week's Federal Reserve resolution.
This trading day needs to pay attention to the U.S. PPI data for November, the U.S. preliminary of University of Michigan consumer confidence index for December, and the geopolitical situation related news.
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 9, 2022, Beijing time.
Technical Analysis
CME Group options layout changes (February Futures Price): 1850 Bullish decreased sharply, bearish unchanged, key resistance level 1835-1840 Bullish decreased sharply, bearish increased slightly, upside action expanded 1825 Bullish increased, bearish unchanged, long target 1810 Bullish increased sharply, bearish unchanged, short-term long target and resistance 1800 Bullish increased, bearish decreased slightly, short-term support 1760 Bullish unchanged, bearish increased sharply, short target Order flow key point marking (Spot Price): 1820-1825 Long target, also resistance 1806-1810 Important resistance area 1794 200-day SMA resistance 1786 Resistance becomes support 1781 Long-short boundary in the short term 1776 Hourly uptrend line support 1766 Important support Note: The above strategy was updated at 15:00 on December 9. This policy is a daytime policy. Please pay attention to the policy release time. |
CME Group options layout changes (March Futures Price): 24 Bullish increased sharply, bearish increased slightly, long target 23.5 Bullish decreased slightly, bearish decreased slightly, previous long target 23.25 Bullish decreased slightly, bearish increased, support level 23 Bullish decreased slightly, bearish increased, support weakened 22.5 Bullish decreased slightly, bearish increased, short target Order flow key point marking (Spot Price): 24.85-25 Long target 24.45-24.57 Secondary resistance 24-24.17 March double top neckline level, strong resistance area 23.4-23.6 Important resistance area (being tested) 23 Resistance turned support, last night's U.S. market release starting point 22.57 Hourly double bottom neckline support 22.4 Short-term support 22 Important support during the day Note: The above strategy was updated at 15:00 on December 9. This policy is a daytime policy. Please pay attention to the policy release time. |
Change of CMEGroup option layout (futures price in January): 76 Bullish increased significantly, bearish increased slightly, long target 75 Bullish increased significantly, bearish decreased significantly, but the stock was outstanding, with resistance level 73.5 Bullish increased significantly, bearish decreased slightly, short-term rebound target 72.5 Bullish increased significantly, bearish increased, resistance level 71-71.5 Bullish increased, bearish increased significantly, support area 70 Bullish increased, bearish decreased significantly, but the stock was huge, short target Order flow key point marking (spot price): 76.7 The first retracement of this week's decline, an important resistance 75-75.4 The US market fell sharply after two retreat, an important resistance 73.4 Early support level, high volume up and down on Thursday night, resistance level 72.65 The first resistance level of the day 71-71.3 First support position, key support of the day 70 Target of put option bet 69.45 At the beginning of December last year, the neck line support at the bottom of the head and shoulders was important 67.35 Support position repeatedly stepped back last December Note: The above strategy was updated at 15:00 on December 9. This policy is a daytime policy. Please pay attention to the policy release time. |
Technical Analysis
CME Group data today: 1.07 Bullish slightly reduced, but the stock was large, bearish unchanged, long target and resistance 1.065 Bullish increased significantly, bearish unchanged, long target 1.06 Bullish decreased but stock was large, bearish increased, rebound target and resistance 1.055 Bullish decreased, bearish increased, falling target 1.05 Bullish sharply reduced, bearish sharply increased, important support 1.045 Bullish unchanged, bearish sharply increased, short target Note: The above strategy was updated at 15:00 on December 9. This policy is a daytime policy. Please pay attention to the policy release time. |
CME Group data today: 1.245 Bullish slightly reduced but large stock, bearish unchanged, long target and resistance 1.24 Bullish and bearish unchanged, long target 1.23 Bullish decreased, bearish unchanged, resistance 1.225 Bullish unchanged, bearish slightly reduced, support 1.22-1.222 Bullish increased, bearish increased significantly and compete for position 1.215-1.217 Bullish slightly reduced, bearish slightly reduced, next support 1.21 Bullish slightly decreased but stocks were large, bearish increased, and short targets also support Note: The above strategy was updated at 15:00 on December 9. 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.
☆ 09:30 China publishes annual rate of CPI for November. ☆ 21:30 U.S. publishes annual rate and month rate of PPI for November. ☆23:00 U.S. releases one-year inflation rate expectations for December and preliminary of University of Michigan Consumer Confidence Index for December. ☆ The following day 02:00 U.S. releases total number of oil wells drilled for the week to Dec. 9. ☆ Next day 04:30 U.S. Commodity Futures Trading Commission publishes its weekly COT Report.
On Monday, September 27, during the Asian session and the Asia-Europe session, spot gold fluctuated and dropped, extending the decline of last Friday, reaching a minimum of $1,626.60 per ounce, the lowest since April 7, 2020.
☆At 15:30, the 2023 FOMC voting committee and Chicago Fed President Evans was interviewed by CNBC. Investors will need to be on the lookout for this hawkish call after three Fed officials have said they need to keep raising interest rates and slow the economy "moderately".
On Thursday, August 11, spot gold approached the 1800 mark, but failed to break above it, and then adjusted downward, and finally closed down 0.12% at $1,789.54 per ounce. Spot silver fluctuated downward and finally closed down 1.38% , at $20.31 per ounce. In terms of two oils, WTI crude oil rose 3% during the day, but failed to break above the $95 mark, and finally closed up 2.73% at $94.07 per barrel. Brent crude oil closed up 2.24% at $99.25 per barrel.