May 19, 2023-MHM European Perspective

Market Overview

On Thursday (May 18) , spot gold shocked slightly up during the Asian session , and is currently trading near $1962.79 per ounce. After the gold price fell sharply overnight, it demands short - term rebound adjustment. On the one hand, there is support around the 1950, on the other hand, geopolitical tensions between Russia and Ukraine, the G7 tightened sanctions against Russia provided safe haven support for the gold price. However, under the influence of hawkish comments from Fed officials, the expectations for the interest rates on June is rising, relative strength in the dollar and Treasury yields, and the prospect of a deal on the U.S. debt ceiling, gold price recovery is likely to be limited and further downside risks to the market.

US crude oil edged up to trade around $74.46 a barrel in Asia-Europe trading on Friday (May 19), although growing expectations of a June interest rate hike by the Federal Reserve and the recent strength of the dollar weighed on oil prices, optimism about a deal on the US debt ceiling also eased concerns about the economic outlook and improved crude demand expectations. Oil prices remained volatile on the upside in the short term as the G7 summit prepared to announce new sanctions against Russia, raising fears of further supply tightening.

For this trading day, the session will be focused on changes in U.S. crude oil drilling data, comments from Fed Chairman Jerome Powell and other officials, and news from the G7 summit.

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 May 19, Beijing time.

Intraday   Oscillation Range: 1929-1937-1951-1978-1985-1998-2007

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, 1929-1937-1951-1978-1985-1998-2007 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 May   19. This policy is a daytime policy. Please pay attention to the policy   release time.

Intraday Oscillation Range: 21.5-22.3-23.1-23.9-24.5

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, 21.5-22.3-23.1-23.9-24.5 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 May   19. 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: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3-87.3-89.1

In the subsequent   period of 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 May   19. This policy is a daytime policy. Please pay attention to the policy   release time.

Intraday   Oscillation Range: 1.0570-1.0690-1.0755-1.0830-1.0950

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, 1.0570-1.0690-1.0755-1.0830-1.0950 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 May   19. 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 May 19. This policy is a daytime   policy. Please pay attention to the policy release time.