Abstract:On Monday, November 14, Beijing time, during the Asian European session, spot gold weakened after opening low. At present, it is trading at US $1759.02 per ounce. Therefore, the former gonveror of the Federal Reserve said that the anti inflation stance has not been "softened", helping the yield of the US dollar and US debt rebound, thus putting pressure on the gold price.
Market Overview
On Monday, November 14, Beijing time, during the Asian European session, spot gold weakened after opening low. At present, it is trading at US $1759.02 per ounce. Therefore, the former gonveror of the Federal Reserve said that the anti inflation stance has not been “softened”, helping the yield of the US dollar and US debt rebound, thus putting pressure on the gold price; Although the medium and long term has turned to the long term, considering the large increase of gold price last week, the short-term callback pressure has increased.
“After the Federal Reserve Waller counterattacked the market's response to the weak CPI, gold fell because only one data point does not indicate that inflation has been curbed. There is no doubt that inflation is still the fulcrum of the market.”
There is little economic data this trading day, so investors need to pay attention to the relevant news of the G20 Summit and the market's expectation of the US data to be released this week. At present, the US retail sales in October, which are expected to be released on Wednesday, grew 0.9% month on month, with a previous value of 0, which tends to support the US dollar and bear on gold prices.
US crude oil fell slightly in shock, and the current trading volume is around 88.45 dollars per barrel. Although the news that Asian powers had optimized epidemic prevention measures at the weekend once provided support for oil prices, the hawkish speech of the Federal Reserve intensified the market's expectation of global economic recession, and Asian stock markets generally weakened, which also weighed on oil prices; In addition, there were more confirmed cases of COVID-19 in Asia over the weekend, which also slightly increased demand concerns, and the downside risks faced by short-term oil prices increased.
It is worth mentioning that the number of oil rigs in the United States increased by 9 to 622 last week, the highest level since March 2020. This data will generally be further fermented on Monday, slightly negative for oil prices. This trading day focuses on the monthly report of OPEC crude oil market and relevant information of G20 Summit.
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 November 14, 2022 Beijing time.
Technical Analysis
Change of CME Group's option layout (futures price in December):
1800 Bullish increased significantly, bearish increased slightly, long target
1785 Bullish increased slightly, bearish increased, resistance level
1780 Bullish increased, bearish increased, long short competition, resistance level
1770-1775 Bullish sharply reduced, bearish unchanged, resistance zone
1765 Bullish increased, bearish increased, long short competition
1755 Bullish decreased, bearish sharply increased, short target
1750 Bullish sharply reduced but huge stock, bearish increased, support level
1730-1735 Bullish decreased, bearish sharply increased, short target area
Order flow key point marking (spot price):
1800 Resistance level, long target, near 200 day moving average, call option bet
1782-1785 Resistance zone
1772-1775 The first key resistance zone, the highest point last week
1755 Support position
1747 Important support, breaking position and be alert for further callback risk
1730-1733 Key support of trend
1712 CPI data after lifting point, key support
Note: The above strategy was updated at 15:00 on November 14. This policy is a daytime policy. Please pay attention to the policy release time.
Change of CME Group's option layout (futures price in December):
22.5 Bullish sharply reduced, but the stock was large, bearish slightly increased, long target, resistance level
22.25 Bullish slightly increased, bearish unchanged, long target
22 Bullish decreased but stock was huge, bearish slightly increased, resistance level
21.55 Bullish increased, bearish increased, long short competition, resistance level
21.5 Bullish increased significantly, bearish decreased, and breaking support conversed to resistance
21 Bullish decreased but stocks were large, bearish increased significantly, short target
20.75-20.85 Bullish unchanged, bearish sharply increased, short target area
Order flow key point marking (spot price):
22.9 Strong resistance level
22.5-22.6 Strong resistance area composed of early rebound highs, and bull targets in technical
22 Long target (option bet)
21.5 The first support position turned into resistance after Asian market broke
21.3 The rising point of CPl data, key support
21 Top bottom conversion, key support for this round of bulls
20.38-20.5 Key support of trend
Note: The above strategy was updated at 15:00 on November 14. This policy is a daytime policy. Please pay attention to the policy release time.
CME Group options layout changes (Futures Price in December):
97.5 Bullish increased sharply, bearish unchanged, long target
96 Bullish increased sharply, bearish increased slightly, long target
91 Bullish increased sharply, bearish increased slightly, long target
90 Bullish decreased sharply but the stock was large, bearish decreased sharply, key resistance
86 Bullish increased, bearish increased sharply, short target
85 Bullish decreased slightly but the stock was large, bearish increased sharply, short target and support
80 Bullish unchanged but the stock was large, bearish increased sharply and the stock was large, short target
Order flow key point marking (Spot Price):
92.8-93.5 Strong resistance area
91.6 Resistance level
90.3-90.5 Key resistance
88.7 Resistance turns to support, and focus on the gains and losses first during the day
88 Support level
87.2 key support, the current round of upward trend of the short and long division
84.8-85 Strong support area
83.3 The last defense of the long side
80-82 Short target range
Note: The above strategy was updated at 15:00 on November 14. This policy is a daytime policy. Please pay attention to the policy release time.
Todays CME Group data:
1.04 Bullish decreased but the stock is large, bearish increased slightly, early long target and resistance
1.035 Bullish decreased sharply, bearish increased, key resistance during the day
1.03 Bullish decreased sharply, bearish increased, support weakened
1.025 Bullish increased slightly, bearish increased, first support
1.02 Bullish decreased sharply, bearish increased sharply, first short target
1.015 Bullish increased and the stock was dominant, bearish increased slightly, Key support for long trend
Note: The above strategy was updated at 15:00 on November 14. This policy is a daytime policy. Please pay attention to the policy release time.
Todays CME Group data:
1.20 Bullish increased and the stock was large, bearish unchanged, long target and strong resistance
1.19 Bullish increased slightly, bearish unchanged, resistance
1.18 Bullish increased sharply, bearish increased, first resistance
1.175 Bullish decreased slightly, bearish unchanged, short-term key level
1.17 Bullish decreased slightly, bearish increased slightly, support weakened
1.165 Bullish decreased slightly, bearish unchanged, support level
1.16 Bullish decreased but the stock was large, bearish increased slightly, key support
Note: The above strategy was updated at 15:00 on November 14. 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