Zusammenfassung:During the trading session in Sanya, spot gold suddenly experienced a sharp drop in the short term, with the gold price just breaking below the 1930 US dollar/ounce mark.
Market Overview
During the trading session in Sanya, spot gold suddenly experienced a sharp drop in the short term, with the gold price just breaking below the 1930 US dollar/ounce mark. Valeria Bednarik, Chief Analyst at FXStreet, pointed out that before the Federal Reserve's interest rate decision, gold prices had fallen from a two week high and the current outlook remains neutral. The Federal Reserve will present new economic forecasts while announcing its monetary policy decisions. The risk aversion sentiment countered the upward momentum, with oil prices slightly falling after reaching a 10 month high.
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 20, 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 |
·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 |
·Crude OilUSOUSD· | |
High Probability Scenario | High throw and low suction in the 83.5-85.3-87.3-89.1-90.7-91.5-92.6 range |
Low Probability Scenario | Chase up and kill down outside the 83.5-85.3-87.3-89.1-90.7-91.5-92.6 range |
·EURUSD· | |
High Probability Scenario | High throw and low suction in the 1.0570-1.0690-1.0755-1.0830-1.0950 range |
Low Probability Scenario | Chase up and kill down outside the1.0570-1.0690-1.0755-1.0830-1.0950 range |
·GBPUSD· | |
High Probability Scenario | High throw and low suction in the 1.2135-1.2250-1.2400-1.2470-1.25460-1.26505 range |
Low Probability Scenario | Chase up and kill down outside the 1.2135-1.2250-1.2400-1.2470-1.25460-1.26505 range |