Mohicans markets：MHM European Market

Market Overview

On Monday (March 20), spot gold bottomed out during the Asian session after falling to near $1,968.12 per ounce. Because of technical adjustment needs and the weekend the Federal Reserve and the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss Central Bank joint coordinated action to enhance market liquidity, UBS agreed to buy Credit Suisse, once the risk aversion cooled. But this optimism quickly faded, buying on the low to help gold prices to reverse the decline, which is currently trading near $ 1987.30 per ounce.

Gold prices are expected to continue to be supported by safe-haven buying, and the market is also concerned about the Federal Reserve interest rate resolution that will come out this week. The market is expected to raise interest rates by only 25 basis points, and the wording is hardly hawkish, which may pave the way for a pause in rate hikes at the next meeting. The market expects the Fed to cut interest rates by July, which is also expected to give gold prices the opportunity to move further higher.

U.S. crude oil was trading near $67.04 per barrel; oil prices fell nearly 3% on Friday, with banking concerns causing the biggest weekly drop in more than two years. Lower U.S. stocks also weighed on oil prices, as the market's distress over recession fears increased.

With less economic data this trading day, investors need to continue to pay attention to news related to the banking crisis in Europe and the United States and changes in market expectations for this week's Federal Reserve interest rate resolution.

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 March 20, 2023, Beijing time.

Intraday Oscillation Range: 1937-1951-1978-1985-1998-2007

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, 1937-1951-1978-1985-1998-2007 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 20. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 21.5-22.3-23.1-23.9

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,21.5-22.3-23.1-23.9

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 20. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range:63.7-64.5-65.8-66.9-67.3-68.9-70.1

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

In the subsequent period of US crude oil, 63.7-64.5-65.8-66.9-67.3-68.9-70.1

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 20. 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

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 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 20. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.1920-1.2030-1.2135-1.2250-1.2375

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, 1.1920-1.2030-1.2135-1.2250-1.2375 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 20. This policy is a daytime policy. Please pay attention to the policy release time.