Mohicans markets：11.01-MHM European Market

Market Overview

On Tuesday November 01, Beijing time, in the early afternoon of the Asian market, spot gold bottomed out and rebounded. Earlier, it gained support near the 1630 gate. At present, it is trading near 1641.56 dollars/ounce. Asian stock markets generally rose, which depressed the demand for safe haven purchases in the U.S. dollar. The weakening of the U.S. dollar gave gold prices a chance to rebound. In addition, the market was pessimistic about the U.S. ISM manufacturing PMI data in October, which may raise the expectation of the Federal Reserve to slow interest rate hikes in December, and also support gold prices.

However, the Federal Reserve is likely to raise interest rates by 75 basis points this week. Before the interest rate resolution, the rebound space of gold prices is still limited, and global inflation remains high. The Federal Reserve still has the possibility to maintain hawkish. The gold ETF continues to decline, and it is still necessary to be wary of further downside risks of gold prices.

This trading day also needs to watch for September JOLTs job openings, October Markit manufacturing PMI final performance, and geopolitical 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 November 1, 2022 Beijing time.

Technical Analysis

Changes of CME Group's option layout (futures price in December):

1662 Bullish slightly reduced, bearish slightly reduced, resistance level

1660 Bullish increased, bearish unchanged, long target

1650 Bullish increased significantly, bearish increased, long target, positive position

1625 Bullish slightly increased, bearish increased, short target

1600-1605 Bullish slightly increased, bearish decreased, short target, support level

Order flow key point marking (spot price):

1667 The first major resistance after gold price resumed its upward trend

1657 Secondary resistance, long boundary before Wednesday

1552-1653 Key positive area, it is estimated that the gold price is likely to rise further after breaking the position

1645 Opening price this week, resistance level

1637 The first resistance during the day, with long boundaries

1628 Support position, Asian market can pay attention to the support here first

1619-1624 Near the front low, important support

Note: The above strategy was updated at 15:00 on November 1. This policy is a daytime policy. Please pay attention to the policy release time.

Changes of CME Group's option layout (futures price in December):

20 Bullish slightly increased, bearish unchanged, long target

19.75 Bullish increased, bearish unchanged, long target

19.50 Bullish slightly increased, bearish slightly increased, resistance level

19.35 Bullish increased, bearish unchanged, support level

19.25 Bullish slightly increased, bearish slightly decreased, support level

19 Bullish slightly increased, bearish slightly increased, key support

18.75 Bullish slightly increased, bearish increased, short target

Order flow key point marking (spot price):

19.7 Third resistance

19.42 Second resistance

19.3 First resistance

18.9-19 Key support

18.6 Short line support

18-18.3 Important support area

Note: The above strategy was updated at 15:00 on November 1. This policy is a daytime policy. Please pay attention to the policy release time.

Order flow key point marking (December Futures Price)：

92 Bullish increase sharply, bearish decrease slightly, long target

90 Bullish decrease sharply but the stock is large, bearish increase slightly, resistance

88-88.5 Bullish increase sharply but the stock is large, bearish decrease slightly, long target and resistance

85 Bullish increase and the stock is large, bearish decrease, support

84 Bullish unchanged, bearish increase sharply, short target

83 Bullish increase slightly, bearish increase sharply, secondary short target

Order flow key point marking：

92.5-93.5 Strong resistance area

89.8-90 Second resistance, key resistance area

88.6 Near the weeks opening price, resistance

87.5-87.8 Intraday short term, key resistance area

86.6 First resistance during the day, long-short boundary

85.3 Overnight low, first support during the day

83.3 Upside key support

Note: The above strategy was updated at 15:00 on November 1. The strategy is a daytime strategy, please note the strategy release time.

CME Group options layout changes：

1.005 Bullish increase sharply and the stock is large, bearish decrease slightly, long target

1.00 Bullish increase sharply, bearish increase slightly and the stock is large, important resistance

0.995-0.9975 Bullish increase sharply, bearish decrease, rebound target

0.99 Bullish decrease, bearish decrease sharply but the stock is large, fall back target and support

0.985 Bullish increase, bearish decrease, key support

0.9775-0.98 Bullish decrease, bearish increase, short target

Note: The above strategy was updated at 15:00 on November 1. The strategy is a daytime strategy, please note the strategy release time.

CME Group options layout changes：

1.165 Bullish unchanged but the stock is large, bearish increase, long target and resistance

1.16 Bullish unchanged, bearish increase slightly, next resistance

1.155 Bullish decrease but the stock is large, bearish unchanged, rebound target and resistance

1.15 Bullish unchanged, bearish increase slightly, first support

1.147 Bullish unchanged, bearish decrease, key support

1.14-1.142 Bullish unchanged, bearish increase, short target

1.135 Bullish increase slightly and the stock is large, bearish unchanged, short target and support

Note: The above strategy was updated at 15:00 on November 1. The strategy is a daytime strategy, please note the strategy 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.