Mohicans markets：MHM European Market

Market Overview

On Wednesday (March 29), during the Asian session, spot gold fluctuated slightly and is currently trading near 1963.93 US dollars per ounce. The rebound in the US dollar has put a slight pressure on the gold price. In addition, concerns about the banking crisis have eased, which has also dampened the safe haven buying demand for gold. Market expectations for further interest rate hikes by global central banks, especially the Federal Reserve, to control inflation have rebounded, and US bond yields have risen, posing further downside risks to the gold price.

According to the CME FedWatch, as the pressure on the banking industry seems to have eased, the market now expects a 48 percent chance that the Fed will raise rates by 25 basis points in May..

US oil traded near $73.75 per barrel; Oil prices increased on Tuesday, continuing the sharp upward trend driven by the risk of supply disruptions in Iraqi Kurdistan last day and hopes of curbing banking unrest. API data released earlier this morning showed a decrease in inventories, coupled with geopolitical tensions, and many positive factors boosted oil prices.

During the day, we will focus on EIA data, and US February seasonally adjusted existing home sales index m/m.

The Mohicans Markets strategy is for reference only and is not intended as investment advice. Please carefully read the statement terms at the end of the article. The following strategy was updated at 15:00 Beijing time on March 29, 2023.

Intraday Oscillation Range: 1951-1978-1985-1998-2007-2016

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, 1951-1978-1985-1998-2007-2016 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 29. 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 29. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 70.1-71.2-72.3-73.1-73.8-75.1-77.9

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, 70.1-71.2-72.3-73.1-73.8-75.1-77.9 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 29. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0690-1.0755-1.0830-1.0950-1.1157

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, 1.0690-1.0755-1.0830-1.0950-1.1157 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 29. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.2135-1.2250-1.2375-1.2400-1.2470

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, 1.2135-1.2250-1.2375-1.2400-1.2470 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 29. This policy is a daytime policy. Please pay attention to the policy release time.