Mohicans markets：MHM European Market

Market Overview  

Spot gold was shockingly weak during the Asian session on Monday (April 3) and is currently trading near $1952.83 per ounce. OPEC unexpectedly cut production on Weekend, international oil prices rose sharply, market concerns that global inflation will pick up again, which will increase the pressure of the Federal Reserve to raise interest rates, helping the dollar index rose to nearly a week high, on gold prices weighed significantly.

Short-term expected gold prices still have further downside risk, but the evening will be released in the United States in March ISM manufacturing PMI data. The market is expected to be poor, which is expected to provide some support to gold prices.

U.S. oil spiked nearly 8% at one point, hitting a near two-month high of $81.49 per barrel. Benefiting from OPEC+'s surprise announcement of a sharp production cut on Sunday, which could lead to a tightening of market supply and a new inflationary shock to the global economy. And with the implementation rate of OPEC's March production cut agreement rising to 173% due to the shutdown of production in Angola and Iraq, oil prices are long and strong, and oil prices are expected to point to $100 per barrel.

In addition, investors need to watch for OPEC+ to hold an online meeting of the ministerial committee including Russia and Saudi Arabia and watch for changes in market expectations for other economic data such as non-farm payrolls this week.

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 April 3, Beijing time.

Intraday Oscillation Range: 1929-1937-1951-1978-1985

Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1889-1903-1911-1929-1937-1951-1978-1985-1998-2007-2016

In the subsequent period of spot gold, 1929-1937-1951-1978-1985 can be operated as the bull and bear range; 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 April 3. 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 Oscillation Range: 19.7-20.1-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1

In the subsequent period of spot silver, 22.3-23.1-23.9-24.5 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on April 3. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 77.9-78.5-79.9-80.7-82.3-83.5

Overall Oscillation Range: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3-87.3-89.1

In the subsequent period of spot silver, 77.9-78.5-79.9-80.7-82.3-83.5 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on April 3. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0690-1.0755-1.0830-1.0950-1.1157

Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303

In the subsequent period of EURUSD, 1.0690-1.0755-1.0830-1.0950-1.1157 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on April 3. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.2135-1.2250-1.2375-1.2400-1.2470

Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.2550

In the subsequent period of GBPUSD, 1.2135-1.2250-1.2375-1.2400-1.2470 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on April 3. This policy is a daytime policy. Please pay attention to the policy release time.