Mohicans markets：December 8-European Perspective

Market Overview

On Thursday, December 8, Beijing time, during the Asian and European session, spot gold shocks slightly down, and is currently trading at $ 1783.55 per ounce; the dollar index rebounded slightly so that gold prices retracted some of the overnight gains. Because of the U.S. Treasury bond yields plunged on Wednesday, the U.S. 10-year Treasury bond yields fell below the 100-day average to hit a new low of nearly three months, helping gold prices rebound from near the 10-day average, once up near the 1790 mark, closing near 1785.88, the confidence of the bulls have recovered. U.S. crude oil is hovering near nearly a year low, and is currently trading near $72.74 per barre; although the previous easing of epidemic prevention and control measures by Asian powers once helped oil prices rise on Tuesday, but several U.S. investment bank executives warned of the risk of a U.S. recession, further depressing demand prospects against the backdrop of oversupply.

More market attention began to focus on next week's U.S. CPI data and the Federal Reserve interest rate resolution; the market is widely expected to slow the pace of interest rate hikes, and most investors in the medium and long term bullish gold after the market.

However, in the short term, we also need to pay attention to the change in the US initial jobless claims in the evening, the Biden administration's online meeting with US oil executives, and news related to the geopolitical situation.

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 December 8, 2022 Beijing time.

Technical Analysis

CME Group options layout changes (February Futures Price)：

1850 Bullish decreased, bearish unchanged, resistance level

1835-1840 Bullish increased sharply, bearish unchanged, long target range

1750 Bullish increased slightly, bearish decreased sharply, key support

1740 Bullish unchanged, bearish decreased sharply, support

1700 Bullish unchanged, bearish increased sharply, short target

Order flow key point marking (Spot Price)：

1819.6 Resistance level, breakout may revert to May-June oscillator range

1806-1810 Significant resistance area during the day

1794 200-day SMA resistance

1786 Short-term key level

1778 Long-short boundary during the day

1766 Important support

1747 Powell's speech up level, key support

Note: The above strategy was updated at 15:00 on December 8. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes (March Futures Price)：

23.5 Bullish decreased slightly but the stock was large, bearish unchanged, long target

23 Bullish decreased sharply but the stock was large, bearish unchanged, previous long target and resistance level

22.5 Bullish decreased, bearish decreased slightly, support weakened

22 Bullish increased slightly, bearish increased, short target

Order flow key point marking (Spot Price)：

23.97 Key resistance level, long target

23.4-23.6 Key resistance range during the week

23 Key resistance

22.57 Short term support

22.4 Support level

22 Key support during the day

21.55 Powell's speech starting level, key support

Note: The above strategy was updated at 15:00 on December 8. This policy is a daytime policy. Please pay attention to the policy release time.

Change of CMEGroup option layout (futures price in January):

80 Bullish increased significantly, bearish decreased. Both are equivalent, and the long target

75 Bullish increased significantly, bearish decreased significantly, but the stock is outstanding, with resistance level

73 Bullish increased, bearish increased, resistance level

72.5 Bullish increased and bearish increased, long short competition

72 Bullish increased significantly, bearish increased slightly, support level

70-70.5 Bullish increased, bearish decreased significantly, but the stock was huge, short target

Order flow key point marking (spot price):

76.7 Step back position of the last round of decline, important resistance

75 The second step of the downtrend, important resistance

73.8-74 Resistance level

73 Support turned to resistance

72 First support of the day

70 Target of put option bet

69.45 At the beginning of December last year, the neck line support at the bottom of the head and shoulders was important

67.35 Support position repeatedly stepped back last December

Note: The above strategy was updated at 15:00 on December 8. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group data today:

1.06 Bullish decreased but stock was large, bearish unchanged, and long target and resistance

1.0575 Bullish increased, bearish increased significantly, compete for position

1.055 Bullish decreased, bearish increased, resistance

1.05 Bullish sharply reduced, bearish sharply increased, and short strengthened

1.045 Bullish slightly reduced, bearish decreased, support

1.04 Bullish decreased significantly, bearish increased significantly and stocks were large, short target

Note: The above strategy was updated at 15:00 on December 8. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group data today:

1.23 Bullish unchanged, bearish increased, next resistance

1.225 Bullish unchanged, bearish slightly reduced, rebound target

1.22 Bullish decreased, bearish increased, resistance level

1.215 Bullish unchanged, bearish slightly increased, falling target

1.21 Bullish unchanged, but the stock was large, bearish increased, and the short target was also supported

1.20 Bullish unchanged, bearish slightly increased, next short target

Note: The above strategy was updated at 15:00 on December 8. This policy is a daytime policy. Please pay attention to the policy release time.

Statement|Disclaimer

Disclaimer: The information contained in this material is for general advice only. It does not take into account your investment goals, financial situation or special needs. We have made every effort to ensure the accuracy of the information as of the date of publication. MHMarkets makes no warranties or representations about this material. The examples in this material are for illustration only. To the extent permitted by law, MHMarkets and its employees shall not be liable for any loss or damage arising in any way, including negligence, from any information provided or omitted from this material. The features of MHMarkets products, including applicable fees and charges, are outlined in the product disclosure statements available on the MHMarkets website. Derivatives can be risky and losses can exceed your initial payment. MHMarkets recommends that you seek independent advice.

Mohicans Markets, (Abbreviation: MHMarkets or MHM, Chinese name: Maihui), Australian Financial Services License No. 001296777.