Abstract:On Tuesday, November 22, Beijing time, during the Asian and European session, spot gold rebounded slightly, and is currently trading near at $ 1742.45 per ounce. Two Fed officials this week's speech is less hawkish than last week, and some analysts even interpreted it as dovish. The dollar index retracted some of the overnight gains, which gave gold prices the opportunity to rally.
Market Overview
On Tuesday, November 22, Beijing time, during the Asian and European session, spot gold rebounded slightly, and is currently trading near at $ 1742.45 per ounce. Two Fed officials this week's speech is less hawkish than last week, and some analysts even interpreted it as dovish. The dollar index retracted some of the overnight gains, which gave gold prices the opportunity to rally.
This trading day need to continue to pay attention to the Fed officials' speeches, Kansas Fed President George and St. Louis Fed President Bullard in the New York session will speak respectively; in addition, investors need to watch for changes in market expectations for the release of the Fed minutes early Thursday morning Beijing time.
U.S. crude oil is shaking and slightly down, which is currently trading around $80.10 per barrel. Overnight a report that OPEC+ is considering increasing production once caused oil prices to plunge more than 5% to a new low of $75.27 per barrel since the beginning of the year; although after Saudi Arabia publicly denied it, oil prices recovered all the losses; however, oil prices are still weak amid concerns that the Asian epidemic may drag down the demand outlook; the dollar rally to a one-week high also weakened oil prices, and there are still further downside risks for oil prices in the short term.
The API crude oil inventory data needs to be watched this session; the market is currently expecting a decline in crude oil inventories, which may limit the downside of oil prices before the data is released. It is also important to keep an eye on the speeches of Fed officials and the performance of global stock markets.
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 22, 2022 Beijing time.
Technical Analysis
CME Group options layout changes (December Futures Price):
1820-1830 Bullish unchanged, bearish increased sharply, long target weakened
1775 Bullish increased sharply, bearish unchanged, long target
1750-1760 Bullish decreased sharply, bearish decreased sharply, long-short game interval and resistance
1725-1735 Bullish increased, bearish decreased sharply, support level
1695-1710 Bullish increased, bearish decreased sharply, support
1675 Bullish unchanged, bearish increased, short target
Order flow key point marking (Spot Price):
1773-1775 Second resistance
1766 Long-short boundary, key resistance
1755 Neckline of Head & Shoulders Top in 4-hour K line
1747 Short-term resistance
1736 15 min swing support
1730 Neckline support of W-bottom
Note: The above strategy was updated at 15:00 on November 22. This policy is a daytime policy. Please pay attention to the policy release time.
CME Group options layout changes (December Futures Price):
22 Bullish increased slightly and the stock was large, bearish unchanged, long target
21.5 Bullish decreased but the stock was large, bearish decreased slightly, long target and resistance
21.2-21.25 Bullish increased slightly, bearish decreased slightly, rebound target
21 Bullish decreased but the stock was large, bearish decreased slightly=, support weakened
20.75-20.80 Bullish increased, bearish decreased sharply, next support
20.50 Bullish increased, bearish increased, short target and support
Order flow key point marking (Spot Price):
21.4 was likely to be a weekly resistance
20.9 Resistance becomes support (possibly Asian and European)
20.7-20.6 Support during the day
20.4 Support during the day
20.1 Intermediate support
Note: The above strategy was updated at 15:00 on November 22. This policy is a daytime policy. Please pay attention to the policy release time.
CME Group options layout changes (Futures Price in Jan.):
85 Bullish decreased but stocks were large, bearish slightly increased and stocks were large, resistance level
82 Bullish and bearish increased significantly, with long target and resistance
79.5-80 Bullish increased significantly, bearish decreased, but stock was large, short-term support level
76 Bullish increased, bearish increased, support level
75 Bullish increased significantly, bearish decreased significantly, but the stock was large, the key support
74 Bullish increased, bearish decreased significantly, support level
Order flow key point marking (Futures Price in Jan.):
84.5 Second resistance of this week
82 First resistance of this week
80.4 The intraday resistance level, and the starting point and falling point on Friday
79.2 Band support position (may only be applicable to Eurasian market)
78.7 The starting point of Monday's massive downward trend may be weak support
77.3 It is low on Friday, which may be the first support of this week (4-hour pinbar)
75.3 Yesterday, it rose to a low point, the daily line was double bottomed, and the mid-line was supported
Note: The above strategy was updated at 15:00 on November 22. This policy is a daytime policy. Please pay attention to the policy release time.
Todays CME Group data:
1.04 Bullish slightly reduced, but the stock was large, bearish slightly reduced, and long target and resistance
1.035 Bullish increased, bearish slightly decreased, long target
1.03 Bullish increased significantly and stocks were large, while bearish increased slightly, with rebound target
1.025-1.0275 Bullish increased significantly, while bearish decreased slightly, supporting
1.02 Bullish decreased, bearish increased significantly and stocks were large, falling back on target
1.015 Bullish increased, bearish decreased, support
1.01 Bullish slightly reduced but large stock, bearish increased and large stock, short target and support
Note: The above strategy was updated at 15:00 on November 22. This policy is a daytime policy. Please pay attention to the policy release time.
Todays CME Group data:
1.20 Bullish slightly reduced but large stock, bearish unchanged, long target and resistance
1.195 Bullish increased and large stock, bearish unchanged, long target
1.19 Bullish unchanged but large stock, keep bullish but rebound target
1.18-1.182 Bullish increased, bearish increased, long and short competition
1.17-1.172 Bullish slightly reduced, bearish unchanged, falling target
1.165 Bullish decreased but stock was large, bearish unchanged, and short target was also supportive
Note: The above strategy was updated at 15:00 on November 22. 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