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MHMarkets:The US dollar continues to move sideways, while non US currencies and precious metals await the Federal Reserve's interest rate resolution and Powell's speech, while US crude oil reverses downward!

MH Markets | 2023-09-20 16:45

Abstract:During the trading session in Sanya, spot gold suddenly experienced a sharp drop in the short term, with the gold price just breaking below the 1930 US dollar/ounce mark.

头图2

Market Overview

During the trading session in Sanya, spot gold suddenly experienced a sharp drop in the short term, with the gold price just breaking below the 1930 US dollar/ounce mark. Valeria Bednarik, Chief Analyst at FXStreet, pointed out that before the Federal Reserve's interest rate decision, gold prices had fallen from a two week high and the current outlook remains neutral. The Federal Reserve will present new economic forecasts while announcing its monetary policy decisions. The risk aversion sentiment countered the upward momentum, with oil prices slightly falling after reaching a 10 month high.

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 20, Beijing time.

·Gold XAUUSD·
High Probability ScenarioHigh throw and low suction in the 1903-1919-1931-1945-1951-1960 range
Low Probability ScenarioChase up and kill down outside the 1903-1919-1931-1945-1951-1960 range
image.png
Intraday Oscillation Range: 1903-1919-1931-1945-1951-1960Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1885-1892-1903-1919-1931-1945-1951-1960-1977-1985-1998-2007-2016-2033-2046-2057-2066-2077-2089-2097-2100In the subsequent period of spot gold, 1903-1919-1931-1945-1951-1960 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   20. This policy is a daytime policy. Please pay attention to the policy   release time.
·SilverXAGUSD·
High Probability ScenarioHigh throw and low suction in the 21.5-22.3-23.1-23.9-24.5-25.3 range
Low Probability ScenarioChase up and kill down outside the  21.5-22.3-23.1-23.9-24.5-25.3 range
image.png
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 20. This policy is a daytime policy. Please pay attention to the   policy release time.
 ·Crude OilUSOUSD·
High Probability ScenarioHigh throw and low suction in the 83.5-85.3-87.3-89.1-90.7-91.5-92.6 range
Low Probability ScenarioChase up and kill down outside the 83.5-85.3-87.3-89.1-90.7-91.5-92.6 range
image.png
Intraday Oscillation Range: 83.5-85.3-87.3-89.1-90.7-91.5-92.6Overall Oscillation Range: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7-95.1In the subsequent period of crude oil, 83.5-85.3-87.3-89.1-90.7-91.5-92.6 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   20. This policy is a daytime policy. Please pay attention to the policy   release time.
·EURUSD·
High Probability ScenarioHigh throw and low suction in the 1.0570-1.0690-1.0755-1.0830-1.0950 range
Low Probability ScenarioChase up and kill down outside the1.0570-1.0690-1.0755-1.0830-1.0950 range
image.png
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   20. This policy is a daytime policy. Please pay attention to the policy   release time.
 ·GBPUSD·
High Probability ScenarioHigh throw and low suction in the 1.2135-1.2250-1.2400-1.2470-1.25460-1.26505 range
Low Probability ScenarioChase up and kill down outside the 1.2135-1.2250-1.2400-1.2470-1.25460-1.26505 range
image.png
Intraday Oscillation Range: 1.2135-1.2250-1.2400-1.2470-1.25460-1.26505Overall 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, 1.2135-1.2250-1.2400-1.2470-1.25460-1.26505 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   20. This policy is a daytime policy. Please pay attention to the policy   release time.

尾图
MHMarkets Precious Metal Crude oil Foreign Exchange Fundamentals Overview Techinical Level CPI

Related broker

Regulated
MH Markets
Company name:Mohicans Markets (Ltd)
Score
8.44
Website:https://mhmarkets-zh.com/global
5-10 years | Regulated in Australia | Regulated in South Africa | Forex Execution License (STP)
Score
8.44

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