Abstract:On Wednesday, October 26, Beijing time, spot gold shock slightly up in early trading of Asian market, and is currently trading near $ 1658 per ounce; more signs of economic weakness in the United States fueled speculation about the Fed's hawkish tendency to moderate, the market on the Fed's December rate hike of 75 basis points is expected to cool.
Market Overview
On Wednesday, October 26, Beijing time, spot gold shock slightly up in early trading of Asian market, and is currently trading near $ 1658 per ounce; more signs of economic weakness in the United States fueled speculation about the Fed's hawkish tendency to moderate, the market on the Fed's December rate hike of 75 basis points is expected to cool; the dollar fell to nearly three weeks low, U.S. bond yields also fell from multi-year highs, the short term are subject to further pullback Risk, gold prices are expected to start further rally in the short term. U.S. crude oil shocks slightly down, and is currently trading near $84.66 per barrel; API crude oil unexpectedly increased sharply, which was a drag on oil prices, but Saudi Arabia's energy minister slammed the U.S. release of strategic reserves; market expectations that the Federal Reserve will slow the pace of interest rate hikes heating up, the dollar fell to nearly three-week lows, but also to provide support for oil prices, oil prices temporarily maintain oscillating trend.
However, in the next week or so, the Bank of Canada, the European Central Bank, the Federal Reserve and the Bank of England are expected to raise interest rates by 75 basis points one after another; the opportunity cost of holding gold will keep increasing, and the short term intraday game of pulling back and pulling back may increase, and investors need to be alert.
Mohicans Markets strategies are for information purposes only and are not intended as investment advice, please read the disclaimer at the end of the article. The following strategies were updated on October 26, 2022 at 15:30 BST.
Technical Analysis
CME Group options layout changes (December Futures Price):
1700 Bullish decrease, bearish decrease slightly, long target and resistance
1685 Bullish increase, bearish increase slightly, short-term target and resistance
1670-1675 bullish increase, bearish decrease slightly, sentiment dividing point between long and short
1660 Bullish increase, bearish increase and the stock is large, resistance weaken
1650 Bullish increase, bearish decrease sharply, key support
1640 Bullish increase slightly, bearish increase and the stock is large, the first target for Bears
1625 Bullish increase slightly, bearish decrease sharply and the stock is large, concentration target for Bears
Order flow key point marking (Spot Price):
1682-1684 Mid-term resistance
1670-1672 Key resistance in a day
1662 First resistance
1652.6 Ultra-short term key level (Asian session only!)
1645 Long-short boundary in a day
1637 Key trend support
1624 Key support
Note: The above strategy was updated at 15:00 on October 26. The strategy is a daytime strategy, please note the strategy release time.
CME Group options layout changes (December Futures Price):
20 Bullish decrease but the stock is large, bearish decrease slightly, long target and resistance
19.8 Bullish increase sharply, bearish decrease slightly, long target
19.5 Bullish increase sharply, bearish unchanged, long target
19.2 Bullish unchanged, bearish increase, long and short contention points
19 Bullish increase slightly, bearish decrease sharply, key support
18.75 Bullish unchanged, bearish increase, secondary support
18.5 Bullish decrease slightly, bearish decrease, support
Order flow key point marking (Spot Price):
19.9-20 Trend key resistance
19.7 Resistance in a day
19.42 Resistance level
18.9 Key support in a day
18.6 First support, break below 18-18.3 important support area
18-18.3 Important support area
Note: The above strategy was updated at 15:00 on October 26. The strategy is a daytime strategy, please note the strategy release time.
Key point marking of order flow (futures price in December):
90 Bullish decreased significantly but stocks were large, while bearish prices decreased slightly but stocks were large, key resistance
88-88.5 Bullish decreased but stocks were large, while bearish slightly increased and stocks were large, resistance range
85. Bullish sharply decreased but large stock, bearish decreased but large stock, key support
82 Bullish increased, bearish increased significantly, short target
80 Bullish increased slightly and stocks were large, while bearish increased significantly and stocks were large, with short target and supporting level
Order flow key point marking:
88.6-89 Key resistance during the day
87 key resistance during the short term , breakthrough looking up at 88.6-89
86 First resistance during the day
83.8 First support during the day
82.6 Day support during the day
81.24-81.8 Key support, a break is likely to open a new round of downward movement
80 Key position
Note: The above strategy was updated at 15:00 on October 26. This policy is a daytime policy. Please pay attention to the policy release time.
Changes of CME Group's option layout:
1.01 Bullish slightly reduced but the stock was large, bearish unchanged, and the next long target
1.005 Bullish slightly decreased, but the stock was large, while bearish remained unchanged, and the long target was also positive
0.995-1.0025 Bullish slightly increased, bearish significantly increased and the stock was large, strong resistance zone
0.99 Bullish decreased, bearish increased significantly and stocks were large, falling back on target
0.9875 Bullish increased, bearish slightly decreased, next support
0.985 Call option remained unchanged, bearish slightly increased and stocks were large, short target
0.98 Bullish slightly decreased, bearish slightly increased and the stock was large. The next short target
Note: The above strategy was updated at 15:00 on October 26. This policy is a daytime policy. Please pay attention to the policy release time.
Changes of CME Group's option layout:
1.165 Bullish slightly reduced, bearish unchanged, resistance level
1.16 Bullish increased slightly, the put option remained unchanged, and the next long target
1.155 Bullish increased significantly, but stocks were large, bearish remained unchanged, and long target
1.15 Bullish slightly increased, bearish slightly increased, rebound target and resistance
1.145 Bullish increased slightly and a large stock, and bearish slightly increased, the first support
1.14 Bullish slightly increased, bearish slightly decreased, next support
1.135 Bullish slightly reduced but large stock, bearish unchanged, short target and support
Note: The above strategy was updated at 15:00 on October 26. 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.
Spot gold weakened slightly during the Asian session on Thursday (April 6), hitting a two-day low of $2007.89 per ounce and now trading near $2014.15. A series of weak economic data has fueled fears of an impending recession in the US, giving safe-haven support to the dollar. And some dollar shorts took profits, and gold bulls also took profits ahead of Good Friday and the non-farm payrolls data, putting pressure on gold prices.
On Wednesday, as the less-than-expected March "ADP" data and non-manufacturing PMI data fueled market concerns about an economic slowdown and spurred bets that the Federal Reserve could slow interest rate hikes. Spot gold continued to brush a new high since March last year, which was the highest intraday to $2032.13 per ounce, and then retracted most of the day's gains, finally closing up 0.01% at $2020.82 per ounce; spot silver hovered around $25 during the day, finally closing down 0.21% at $2
Spot gold oscillated slightly lower during the Asian session on Tuesday (April 4) and is currently trading around $1980.13 per ounce. The dollar index rebounded mildly after a big drop overnight, putting pressure on gold prices. However, this week will see the non-farm payrolls report, there is no important economic data out on Tuesday, and the market wait-and-see sentiment is getting stronger.
On Monday, in OPEC + members unexpectedly cut production reignited market concerns about long-term inflation and sparked uncertainty about the Fed's response, the dollar index once up to the 103 mark, and then on a "vertical roller coaster", giving back all the gains of the day and once lost 102 mark, finally closed down 0.53% at 102.04; U.S. 10-year Treasury yields rose and then fell, as data showed that the U.S. economy continues to slow, it fell sharply in the U.S. session, and once to a low