Zusammenfassung:On Monday (September 11), gold price rose, setting its best trading day in nearly a week and a half. The dollar retreated ahead of this week's key inflation data, which could influence the Fed's interest rate decision later this month.
Market Overview
On Monday (September 11), gold price rose, setting its best trading day in nearly a week and a half. The dollar retreated ahead of this week's key inflation data, which could influence the Fed's interest rate decision later this month. Saudi Arabia and India emphasized the importance of ensuring the security of global energy supplies while stressing the need to support the stability of the global oil market. A joint statement showed that Saudi Arabia emphasized its commitment to being a reliable partner and source of crude oil supply for India. However, the ANZ analyst noted in a report, “Concerns about economic growth in the Asian powerhouse are weighing on market sentiment across a wide range of commodities.”
West Texas Intermediate crude traded modestly higher at the start of the week as oil prices have continued to recover since the beginning of the month following the announcement by the U.S. Energy Information Administration (EIA) that it had recovered 6.3 million barrels of stockpiles (excluding strategic inventories). Earlier last week, crude prices were supported after Russia and Saudi Arabia decided to extend their voluntary production cuts until the end of the year.
Hedge funds continue to reduce their bearish bets on gold. However, analysts note that according to the latest data from the U.S. Commodity Futures Trading Commission (CFTC), long sentiment will need to improve if gold has any chance of breaking above the initial resistance level above $1,980.
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 12, Beijing time.
·Gold XAUUSD· | ||||||
High Probability Scenario | High throw and low suction in the 1892-1903-1919-1931-1945-1951 range | |||||
Low Probability Scenario | Chase up and kill down outside the 1892-1903-1919-1931-1945-1951 range | |||||
Intraday Oscillation Range: 1892-1903-1919-1931-1945-1951 Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1892-1903-1919-1931-1945-1951-1960-1977-1985-1998-2007-2016-2033-2046-2057-2066-2077-2089-2097-2100 In the subsequent period of spot gold, 1892-1903-1919-1931-1945-1951 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 12. 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: 21.5-22.3-23.1-23.9-24.5-25.3 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, 21.5-22.3-23.1-23.9-24.5-25.3 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 12. 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 80.7-82.3-83.5-85.3-87.3-89.1 range | |||||
Low Probability Scenario | Chase up and kill down outside the 80.7-82.3-83.5-85.3-87.3-89.1 range | |||||
Intraday Oscillation Range: 80.7-82.3-83.5-85.3-87.3-89.1 Overall Oscillation Range: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7 In the subsequent period of crude oil, 80.7-82.3-83.5-85.3-87.3-89.1 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 September 12. 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 1.0570-1.0690-1.0755-1.0830-1.0950 range | |||||
Low Probability Scenario | Chase up and kill down outside the 1.0570-1.0690-1.0755-1.0830-1.0950 range | |||||
Intraday Oscillation Range:1.0570-1.0690-1.0755-1.0830-1.0950 Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303-1.13340 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 September 12. 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 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 range | |||||
Low Probability Scenario | Chase up and kill down outside the 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 range | |||||
Intraday Oscillation Range: 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2400-1.2470-1.25460-1.26505-1.27000-1.28200-1.29300-1.30000-1.30600-1.31000-1.31660-132000 In the subsequent period of GBPUSD, 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 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 12. This policy is a daytime policy. Please pay attention to the policy release time. | ||||||