Abstract:On Thursday (March 2), the spot gold fell slightly in the Asian period, and currently trading around 1832.80 US dollars per ounce, because the market's expectation of a higher terminal interest rate of the Federal Reserve and the expectation of maintaining a higher interest rate level for a longer period of time continue to provide momentum for the rise of the US bond yield. The 10-year US bond yield hit the highest point since November 14 to 4.028%, and the US dollar also rebounded slightly, pu
Market Overview
On Thursday (March 2), the spot gold fell slightly in the Asian period, and currently trading around 1832.80 US dollars per ounce, because the market's expectation of a higher terminal interest rate of the Federal Reserve and the expectation of maintaining a higher interest rate level for a longer period of time continue to provide momentum for the rise of the US bond yield. The 10-year US bond yield hit the highest point since November 14 to 4.028%, and the US dollar also rebounded slightly, putting pressure on the gold price.
US crude oil fell slightly in shock, and currently trading around 77.50 US dollars per barrel. The rebound of the US dollar has slowed the rise of oil prices. US crude oil rose for two consecutive trading days, as there were signs that the economy of China, the world's largest oil importer, rebounded strongly, which offset concerns about the increase in US crude oil inventories. In addition, the crude oil processing volume of Indian refineries reached a record level in January.
The Mohicans Markets strategy is for reference only and not for investment advice. Please read the statement clauses at the end of the text carefully. The following strategy was updated at 15:00 Beijing time on March 2, 2023.
Intraday Oscillation Range: 1801-1817-1833-1856-1873
Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1889-1903-1911-1929-1937-1951-1978-1985
In the subsequent period of spot gold, 1801-1817-1833-1856-1873 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 March 2. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 20.1-20.6-21.5-22.3
Overall Oscillation Range: 19.7-20.1--20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1
In the subsequent period of spot silver, 20.1-20.6-21.5-22.3 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 March 2. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 73.1-73.8-75.1-77.9-78.5-79.9-80.7
Overall Oscillation Range: 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
In the subsequent period of US crude oil, 73.1-73.8-75.1-77.9-78.5-79.9-80.7 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 March 2. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 1.0460-1.0570-1.0690-1.0755-1.0830
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
In the subsequent period of EURUSD, 1.0460-1.0570-1.0690-1.0755-1.0830 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 March 2. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 1.1830-1.1920-1.2030-1.2135-1.2250
Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.2550
In the subsequent period of GBPUSD, 1.1830-1.1920-1.2030-1.2135-1.2250 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 March 2. This policy is a daytime policy. Please pay attention to the policy release time.
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