Mohicans markets：Follow Eurozone Central Bank Developments

Key Data

Fundamentals overview

Spot gold extended gains on Friday, September 9, testing its first upside target of 1727.34, with resistance at 1736.05. Spot silvers primary resistance is at 19.32. WTI crude oil rallied briefly, watching for a challenge to first resistance at 85.16. The dollar index is pressured below its pivoting point, with first support at 108.28. The euro is currently testing the first resistance at 1.0102 against the dollar. GBPUSD is testing the first resistance at 1.0102.

The 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 16:30 on September 9, 2022, Beijing time.

Technical View

ONE · Technical Level · International Gold

1751 Bullish unchanged, bearish increase, strong resistance

1735 Bullish increase, bearish increase, long target and resistance

1729-1730 Bullish increase, bearish increase, key resistance

1728 Bullish increase, bearish increase sharply increase, primary resistance

1715-1717 Bullish increase, bearish unchanged but with stock, key support

1703 Bullish increase, bearish decrease, intraday support, break will be down

1695 Bullish increase sharply, the limit of support

Technical Analysis

The current gold support moved up to 1715 area, the daily rally this time and the last 1689 rally is obviously two sun double bottom prototype, this week's close on 1715 is more than continue to rally effectively, next Tuesday inflation data is basically the last data before the Fed rate hike in September, the Fed officials speak this week is basically over, the impact of the news of the dollar index trend is basically over, whether the gold bulls can form a trend The gold bulls can form a trend, but also need to see the strength of the rally. If Friday's unexpected breakthrough of 1730 area, next week's rebound to 1765 is the premise of more upward action.

Note: The above strategy was updated at 16:00 on September 9. This strategy is a day strategy, please pay attention to the release time of the strategy.

TWO · Technical level · Spot silver

19.30 strong resistance

19.00, long and short contention position, resistance

18.65, first support

18.52, Bullish unchanged, bearish increase slightly, support

18.30, Bullish increase, bearish decrease, support

Technical Analysis

Spot silver rose 1.40% before Friday's European session. Spot price above the resistance 18.90 and 19 mark, 18.95 more than short contention; below pay attention to support 18.30 and 18.20, please be wary of 18.44 and 18 mark short dominance.

Note: The above strategy was updated at 16:00 on September 9. This strategy is a day strategy, please pay attention to the release time of the strategy.

THREE · Technical Level · US Crude Oil

86.75, Bullish decrease, bearish increase, resistance

85.85, Bullish decrease, bearish increase, resistance

84.95, Bullish increase, bearish increase, key resistance

83.75, Bullish increase slightly, bearish unchanged, support weaken

83.10, Bullish increase, bearish decrease, support

83.0, Bullish unchanged, bearish increase sharply, short target

82.5, Bullish increase, bearish unchanged, short target and support

Technical Analysis

Before the Friday's European session, spot crude oil rose 1.10%, and the current price above the focus on resistance 84.95, 85.85, 86.75; below the focus on support 83.75, 83.10, 82.25, please be wary of the 83.0 mark throw pressure.

Note: The above strategy was updated at 16:00 on September 9. This strategy is a day strategy, please pay attention to the release time of the strategy.

FOUR · Technical level · EUR/USD

1.02 Bullish increase, bearish increase and large stock, strong resistance

1.0145 Bullish unchanged, bearish increased, bulls target and resistance

1.00 85 Bullish increase, bearish decrease, bulls target and resistance

1.0045 Bullish increase, bearish decrease, support level

1.00 Bullish unchanged, bearish increased and there is stock, short target

0.99-0.9930, Bullish increase, bearish increase, bear target and support

Technical Analysis

Before the European session on Friday, the euro rose 0.71% against the US dollar. Above the current price, focus on resistance at 1.0085, 1.1045, and 1.02; below, pay attention to support at 1.0045, 0.9930, and 0.99, and be wary of bears near 1.00.

Note: The above strategy was updated at 16:00 on September 09. This strategy is a day strategy, please pay attention to the release time of the strategy.

FIVE · Technical Level · GBPUSD

1.1710, bullish decrease, bearish increase, resistance level

1.1635, bullish increase, bearish increase and stock, bull target and resistance

1.1600, bullish increase and large stock, bearish increase, resistance level

1.1520, bullish increase, bearish unchanged, support 

1.1495, bullish increase, bearish decrease, support

1.1455, bullish increase, bearish increase, bear target and resistance

Technical Analysis

Before the European session on Friday, GBP/USD rose 0.77%. Above the current price, focus on resistance at 1.1635, 1.1710, and bulls near 1.1600;

Note: The above strategy was updated at 16:00 on September 09. This strategy is a day strategy, please pay attention to the release time of the strategy.

SIX · Technical Level · AUDUSD

0.6920-0.6950, long target and resistance range

0.6900, strong resistance

0.6875 Bullish increase, bearish increase, bulls target and resistance

0.6800 Bullish increase, bearish decrease, first support

0.6785 Bullish increase, bearish decrease, trend support

0.6750 Bullish unchanged, bearish unchanged, bear target and support

Technical Analysis

Australia, the United States and Europe rebounded from 0.6750 before the market. At present, the trading is near 0.6856, an increase of 1.63%. Above, pay attention to resistance 0.6875, 0.6900, 0.6920, 0.6950, and below pay attention to support 0.6800, 0.6785, 0.6750;

Note: The above strategy was updated at 16:00 on September 09. This strategy is a day strategy, please pay attention to the release time of the strategy.

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. Mohicans Markets has made every effort to ensure the accuracy of the information as of the date of publication. Mohicans Markets makes no warranties or representations regarding this material. The examples in this material are for illustration only. To the extent permitted by law, Mohicans Markets 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 Mohicans Markets products, including applicable fees and charges, are outlined in the product disclosure statements available on the Mohicans Markets website and should be considered before deciding to deal with these products. Derivatives can be risky and losses can exceed your initial payment. Mohicans Markets recommends that you seek independent advice.

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