Mohicans markets：MHM European Market

Market Overview

On Friday (March 3), the spot gold fluctuated slightly, and is currently trading around 1838.5 US dollars/ounce. The hawk of the Federal Reserve, Bostock, said that slow and steady will be the appropriate path of action, explaining the reason why the Federal Reserve insisted on “steadily” raising interest rates by 25 basis points at each meeting in the future, which alleviated some investors' concerns that the Federal Reserve might expand the pace of interest rate increase. On Friday, the US dollar and US bond yields fell slightly in the Asian session, providing support for gold price.

Spot gold fluctuated in a narrow range and is currently trading at around 78.03 US dollars per barrel. Although the expectations of the European Central Bank to raise interest rates continued to increase after consumer inflation in France, Spain and Germany exceeded expectations, and the US crude oil inventory increased for the tenth consecutive week, all of which put pressure on the market, China's manufacturing activity in February increased at the fastest rate in more than a decade, still supporting the expectations of the recovery of fuel demand. Moreover, the Chairman of the Federal Reserve of Atlanta, Bostock, said that even though the previous data showed a strong unemployment rate, the Federal Reserve should still adhere to a “steady” interest rate increase of 25 basis points at each meeting. The slight weakening of the US dollar and US bond yields also supported the oil price.

US ISM non-manufacturing PMI for February is expected to come in at 54.5, compared with 55.2 in January, which is expected to be slightly bullish on gold.

In addition, investors need to pay attention to the speeches of Dallas Federal Reserve Chairman Logan, Federal Reserve Governor Bowman and Richmond Federal Reserve Chairman Barkin. These officials may strengthen the expectation of only raising interest rates by 25 basis points in March, slightly favoring the gold price.

The Mohicans Markets strategy is for reference only and not for investment advice. Please read the statement clauses at the end of the text carefully. The following strategy was updated at 15:00 Beijing time on March 3, 2023.

Intraday Oscillation Range: 1801-1817-1833-1856-1873

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

In the subsequent period of spot gold, 1801-1817-1833-1856-1873 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 March 3. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 20.1-20.6-21.5-22.3

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, 20.1-20.6-21.5-22.3 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 March 3. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 73.1-73.8-75.1-77.9-78.5-79.9-80.7

Overall Oscillation Range: 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

In the subsequent period of US crude oil, 73.1-73.8-75.1-77.9-78.5-79.9-80.7 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 March 3. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0460-1.0570-1.0690-1.0755-1.0830

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, 1.0460-1.0570-1.0690-1.0755-1.0830 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 March 3. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.1830-1.1920-1.2030-1.2135-1.2250

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, 1.1830-1.1920-1.2030-1.2135-1.2250 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 March 3. This policy is a daytime policy. Please pay attention to the policy release time.