MHMarkets ：MHM European Market

Market Overview

In the Asian session on Tuesday (April 25), spot gold rose slightly, once touching the 2000 mark. At present, its trading is near $1993.56/ounce. Overnight data shows that manufacturing activity in Texas shrank in April. The market's expectation of the Federal Reserve's interest rate cut within the year is rising. The dollar index fell to a new low for more than a week. The market's concern about the US debt crisis is rising. The yield of US bonds fell to a new low for more than a week, providing support for gold prices.

US crude oil trading around 78.64 US dollars per barrel; Oil prices rose nearly 1% on Monday, holding onto the key support of the 100 day moving average, as investors were optimistic that China's holiday tourism would boost fuel demand in the world's largest oil importing country. At the same time, the European Union Council increased the risk of geopolitical tensions by implementing a seventh round of sanctions against Iran.

However, due to a decrease of over $100 billion in deposits at First Republic Bank in the first quarter, the bank experienced a significant drop of over 20% after market hours. The weakness of US stock index futures dragged down Asian stock markets and still provided some safe haven support for the US dollar. Investors still need to be wary of the risk of a rebound in the US dollar, which may suppress the trend of gold prices in the short term, although a decline in the stock market will also provide some safe haven support for gold prices.

On this trading day, we need to pay attention to the annual total number of new home sales in the United States after the quarterly adjustment in March and the performance of the consumer confidence index of the American Chamber of Commerce in April, and pay attention to the relevant news of geographical situation.

The MHMarkets 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 25, 2023 at 15:00 Beijing time.

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

Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1889-1903-1911-1929-1937-1951-1978-1985-1998-2007-2016-2033-2046-2057-2066-2077-2089-2097-2100

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 April 25. 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: 19.7-20.1-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1-26.6-27.3

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

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

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

In the subsequent period of spot silver, 73.8-75.1-77.9-78.5-79.9 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 April 25. 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 25. 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 25. This policy is a daytime policy. Please pay attention to the policy release time.