MHMarkets：The U.S. dollar stands above strong pressure, non-U.S. currencies and precious metals continue to be weak, and U.S. crude oil continues to be strong!

Market Overview

On Wednesday (September 6), buoyed by strong U.S. economic data, gold came under renewed downward pressure. The U.S. August services PMI rose to 54.5, which was a new high since February 2023, and was up from 52.7 in July. The figure exceeded widespread expectations among economists, who had previously expected it to fall slightly to 52.5. Expectations for a November interest rate hike have increased in the wake of the data release, while Boston Federal Reserve President and Chief Executive Officer Susan Collins said earlier today that the Fed has not yet curbed inflation sufficiently.

Oil prices closed at over nine-month highs as investors understood the news that OPEC+ leaders Saudi Arabia and Russia have decided to extend supply constraints until the end of the year. International oil prices continued to rise nearly 1% on Wednesday (September 6), with U.S. oil standing at the $85 per barrel mark and Brent reaching above $90 per barrel. Saudi Arabia and Russia's strategy aimed at further depleting inventories was felt across the oil market. West Texas Intermediate crude December- December futures spreads, favored by oil hedge funds, rose to their biggest level since late 2022. Brent, the global crude benchmark, closed above $90 per barrel on Thursday, which was the highest level since last November. Saudi Arabia raised the official selling price of its flagship Arabian Light crude to Asia to a 10-month high, which was a signal of confidence in demand for crude that further bolstered bullish sentiment.

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 7, 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: 1892-1903-1919-1931-1945-1951Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1892-1903-1919-1931-1945-1951-1960-1977-1985-1998-2007-2016-2033-2046-2057-2066-2077-2089-2097-2100In 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   7. 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: 21.5-22.3-23.1-23.9-24.5-25.3Overall Oscillation Range: 19.7-20.1-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1-26.6-27.3In 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 7. 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 83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7 range
Low Probability Scenario	Chase up and kill down outside the 83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7 range
Intraday Oscillation Range: 83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7Overall Oscillation Range: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7In the subsequent period of crude oil, 83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7 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 September   7. 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 the1.0570-1.0690-1.0755-1.0830-1.0950 range
Intraday Oscillation Range:1.0570-1.0690-1.0755-1.0830-1.0950Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303-1.13340In 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   7. 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: 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2400-1.2470-1.25460-1.26505-1.27000-1.28200-1.29300-1.30000-1.30600-1.31000-1.31660-132000In 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   7. This policy is a daytime policy. Please pay attention to the policy   release time.