MHMarkets：The US dollar is trading sideways, gold is attracted by key positions, and US crude oil is consolidating at high levels!

Market Overview

On Friday (September 22), spot gold closed at $1,925.21, which was up $1.57 or 0.08% on a weekly basis, hitting a high of $1,929.10 per ounce and a low of $1,919.10 per ounce. The Fed Chairman Jerome Powell maintained his hawkish bias this week, stating that interest rates will have to remain in a restrictive range for the foreseeable future; however, the gold market remains firmly in neutral territory as uncertainty underpins the precious metal. Although the US has now avoided a recession and expectations of a soft landing continue to grow; however, many analysts remain skeptical that this optimistic goal will be achieved, and the gold price action is evidence that investors are taking a more cautious stance to protect themselves from the economic downturn. For many economists, the most surprising aspect of this week's decision is that the central bank thinks it may cut rates only twice next year, which is down from the four cuts it expected in June. That's in line with the “higher and longer” stance rates are taking. The Fed's stance pushed the 10-year bond yield to 4.5%, which was a 15-year high. At the same time, the dollar index broke 105 points, which was the highest level since November 2022. Analysts at Commerzbank noted that real yields have reached 2%, which was up 50 basis points from the previous month.

On Monday (September 25), US crude oil fluctuated in a narrow range at high level during the Asian session and is currently trading near $90.29 per barrel. Oil prices were steady on Friday, but closed lower last week due to profit-taking and as the market weighed supply concerns triggered by a ban on Russian fuel exports against demand woes from future interest rate hikes.

MHMarkets 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 September 25, Beijing time.

·Gold XAUUSD·
High Probability Scenario	High throw and low suction in the 1903-1919-1931-1945-1951-1960 range
Low Probability Scenario	Chase up and kill down outside the 1903-1919-1931-1945-1951-1960 range
Intraday Oscillation Range: 1903-1919-1931-1945-1951-1960Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1885-1892-1903-1919-1931-1945-1951-1960-1977-1985-1998-2007-2016-2033-2046-2057-2066-2077-2089-2097-2100In the subsequent period of spot gold, 1903-1919-1931-1945-1951-1960 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 September   25. This policy is a daytime policy. Please pay attention to the policy   release time.

·SilverXAGUSD·
High Probability Scenario	High throw and low suction in the 21.5-22.3-23.1-23.9-24.5-25.3 range
Low Probability Scenario	Chase up and kill down outside the  21.5-22.3-23.1-23.9-24.5-25.3 range
Intraday Oscillation Range: 21.5-22.3-23.1-23.9-24.5-25.3Overall Oscillation Range: 19.7-20.1-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1-26.6-27.3In the subsequent period of spot silver, 21.5-22.3-23.1-23.9-24.5-25.3 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   September 25. This policy is a daytime policy. Please pay attention to the   policy release time.

·Crude OilUSOUSD·
High Probability Scenario	High throw and low suction in the 85.3-87.3-89.1-90.7-91.5-92.6 range
Low Probability Scenario	Chase up and kill down outside the 85.3-87.3-89.1-90.7-91.5-92.6 range
Intraday Oscillation Range: 85.3-87.3-89.1-90.7-91.5-92.6Overall Oscillation Range: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7-95.1In the subsequent period of crude oil, 85.3-87.3-89.1-90.7-91.5-92.6 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 September   25. This policy is a daytime policy. Please pay attention to the policy   release time.

·EURUSD·
High Probability Scenario	High throw and low suction in the 1.0460-1.0570-1.0690-1.0755-1.0830 range
Low Probability Scenario	Chase up and kill down outside the1.0460-1.0570-1.0690-1.0755-1.0830 range
Intraday Oscillation Range:1.0460-1.0570-1.0690-1.0755-1.0830Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303-1.13340In 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 September   25. This policy is a daytime policy. Please pay attention to the policy   release time.

·GBPUSD·
High Probability Scenario	High throw and low suction in the 1.2030-1.2135-1.2250-1.2400-1.2470-1.25460 range
Low Probability Scenario	Chase up and kill down outside the  1.2030-1.2135-1.2250-1.2400-1.2470-1.25460   range
Intraday Oscillation Range: 1.2030-1.2135-1.2250-1.2400-1.2470-1.25460Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2400-1.2470-1.25460-1.26505-1.27000-1.28200-1.29300-1.30000-1.30600-1.31000-1.31660-132000In the subsequent period of GBPUSD, 1.2030-1.2135-1.2250-1.2400-1.2470-1.25460 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 September   25. This policy is a daytime policy. Please pay attention to the policy   release time.