Mohicans markets：11.04-MHM European Market

Market Overview

On Wednesday (November 2, Beijing time), in the morning of Asian market, spot gold rebounded in shock, rising more than 1% to a two trading day high of 1648.48 US dollars/ounce. As the market predicted that the number of new non-farm payroll employment in the United States in October was expected to hit a new low in nearly two years, and the unemployment rate would rise slightly to 3.6%, the dollar index fell back in shock, providing opportunities for the gold price to rebound; Moreover, overnight gold price once again held the support near the September low of 1614.67, and bulls' morale recovered.

However, it should be noted that the initial application data, ADP data and ISM manufacturing PMI employment sub data released earlier all reflect the strong employment market, and the non farm data at night may be better than expected.

In addition, Fed officials will deliver speeches in the coming week, which will have a great impact on market sentiment and market expectations, and investors also need to focus on them. German Prime Minister Schultz visited China today, and A-shares rose sharply, which also slightly depressed the safe-haven demand of the US dollar.

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 4, 2022 Beijing time.

Technical Analysis

Today data of CME Group has not been updated , so only the key points are marked according to the order flow data:

1670-1672 First target of bulls

1654-1657 Key Resistance

1649 First resistance

1641 Short line support position

1632 Key support position

1625 Weak support, 15 minute level w bottom neck line

1616 Low Support point of American market

Note: The above strategy was updated at 15:00 on November 4. This policy is a daytime policy. Please pay attention to the policy release time.

Today data of CME Group has not been updated , so only the key points are marked according to the order flow data:

19.9-20 Important resistance

19.75 First resistance

19.55 Callback of the first support

19.4 Boundary of long and short targets, key support

19.1 Support position

Note: The above strategy was updated at 15:00 on November 4. This policy is a daytime policy. Please pay attention to the policy release time.

Today data of CME Group has not been updated , so only the key points are marked according to the order flow data:

93.5 Stronger resistance

91.6-92 First resistance after breakout

89.8-90 Key resistance area during the day

887.5-87.8 Support during the day

86.7 Secondary support

85.3 Upside key support

Note: The above strategy was updated at 15:00 on November 4. The strategy is a daytime strategy, please note the strategy release time.

Today data of CME Group has not been updated , so only the key points are marked according to the order flow data:

Primary resistance at 0.984

Bullish orders prevail at 0.981

Primary support at 0.97

Bearish orders prevail at 0.9725

Secondary support at 0.962

Third support at 0.958

On Friday, the EURUSD is up 0.08% during the Asian session, with the first resistance at 0.984; upside action is at 0.981; please focus on the support at 0.97, 0.962 and 0.958.

Note: The above strategy was updated at 15:00 on November 4. The strategy is a daytime strategy, please note the strategy release time.

Today data of CME Group has not been updated , so only the key points are marked according to the order flow data:

1.295 is the primary resistance

1.1275 is secondary resistance

1.119, 1.12, 1.121 bullish orders are dominant

1.165-1.125 bearish orders are intensive

1.11 supports slightly

1.105 is the second support

1.10 is the third support

The GBPUSD is up 0.23% on Friday, with primary resistance at 1.1295; dense bullish orders are above 1.119, 1.12, 1.121. Bearish orders are intensive below 1.1165-1.1125; focus on the support at 1.11, 1.105 and 1.1.

Note: The above strategy was updated at 15:00 on November 4. 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. 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.

Mohicans Markets, (Abbreviation: MHMarkets or MHM, Chinese name: Mai hui), Australian Financial Services License No. 001296777.