MHMarkets ：MHM European Market

Market Overview 

On Thursday (April 13th) in the Asian session, spot gold fluctuated slightly and is currently trading near $2016.19 per ounce. The overnight US CPI data did not meet market expectations, and the market generally expects the Federal Reserve to pause rate hikes after May. The minutes of the Federal Reserve meeting also have a dovish tone, with the US dollar index approaching a low of over two months, providing support for gold prices. There is still a chance for short-term gold prices to fluctuate and rise.

US crude oil trading around $83.11 per barrel; Oil prices rose by over 2% on Wednesday, reaching a five month high of $83.51 per barrel; Benefiting from the cooling of inflation in the United States, it has stimulated hopes that the Federal Reserve is getting closer to ending its interest rate hike cycle and alleviated the impact of a slight increase in US crude oil inventories; And the IEA suggests that the global oil market may be tight in the second half of the year, which may push up oil prices.

On this trading day, attention needs to be paid to the changes in the number of initial claims for unemployment benefits in the United States and the March PPI data. The market expects the number of initial claims for unemployment benefits to slightly increase to 232000, and the year-on-year growth rate of PPI will decrease to 3%. These expectations are biased towards bullish gold prices.

However, the speeches of San Francisco Fed Chairman Daley and Richmond Fed Chairman Barkin were slightly biased towards hawkish, and Buffett also downplayed the banking crisis, which made gold bulls wary. Gold prices are also facing strong resistance and pressure, and we still need to be cautious of the possibility of gold prices rising and falling back.

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 text. The following strategy update was made on April 13, 2023 at 15:00 Beijing time.

Intraday Oscillation Range: 1985-1998-2007-2016-2033-2046

Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1889-1903-1911-1929-1937-1951-1978-1985-1998-2007-2016-2033-2046-2057

In the subsequent period of spot gold, 1985-1998-2007-2016-2033-2046 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 April 13. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 23.9-24.5-25.3-26.1

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, 23.9-24.5-25.3-26.1 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 April 13. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 77.9-78.5-79.9-80.7-82.3-83.5

Overall Oscillation Range: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3-87.3-89.1

In the subsequent period of spot silver, 77.9-78.5-79.9-80.7-82.3-83.5 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 April 13. 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 April 13. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.2250-1.2375-1.2400-1.2470-1.2550

Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.2550-1.27000

In the subsequent period of GBPUSD, 1.2250-1.2375-1.2400-1.2470-1.2550 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 April 13. This policy is a daytime policy. Please pay attention to the policy release time.