Abstract:Spot gold oscillated slightly lower during the Asian session on Tuesday, January 17, and is currently trading near $1,910 per ounce. The U.S. dollar has rebounded steadily from near seven-and-a-half-month lows, putting pressure on gold prices to pull back; as the previous session's K-line recorded a Doji, you need to beware of short-term topping risks if this session records a medium or long negative line.
Market Overview
Spot gold oscillated slightly lower during the Asian session on Tuesday, January 17, and is currently trading near $1,910 per ounce. The U.S. dollar has rebounded steadily from near seven-and-a-half-month lows, putting pressure on gold prices to pull back; as the previous session's K-line recorded a Doji, you need to beware of short-term topping risks if this session records a medium or long negative line.
However, the market is widely expected to slow the pace of interest rate hikes by the Federal Reserve, geopolitical situation concerns and global recession fears still provide support to gold prices, investors need to pay attention to the low buying situation.
More market attention began to turn to this week's Fed official speeches and economic data, no important economic data out on Tuesday, investors need to focus on the U.S. December PPI and U.S. December retail sales data to be released this Wednesday.
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 January 17, 2023, Beijing time.
Intraday Oscillation Range:1883-1911-1929
Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1883-1911-1929-1937
In the subsequent period of spot gold, 1883-1911-1929 can be operated as an intraday range of bullish and bearish; 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 January 17. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 23.1-23.9-24.5-25.3
Overall Oscillation Range: 20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1
In the subsequent period of spot silver, 23.1-23.9-24.5-25.3 can be operated as an intraday range of bullish and bearish; 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 January 17. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 75.1-77.3-78.5-79.9-80.80
Overall Oscillation Range: 70.1-71.2-72.3-73.1-73.8-75.1-77.3-78.5-79.9-81.3-82.1-83.5
In the subsequent period of crude oil, 73.8-75.1-77.3-78.5-79.9can be operated as an intraday range of bullish and bearish; 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 January 17. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 1.0690-1.0755-1.0830-1.0910
Overall Oscillation Range:1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0910-1.1060
In the subsequent period of EURUSD, 1.0690-1.0755-1.0830-1.0910 can be operated as an intraday range of bullish and bearish; 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 January 17. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 1.1920-1.2030-1.2135-1.2250-1.2375
Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470
In the subsequent period of GBPUSD, 1.1920-1.2030-1.2135-1.2250-1.2375 can be operated as an intraday range of bullish and bearish; 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 January 17. 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