Mohicans markets：MHM European Market

Market Overview

Spot gold oscillated narrowly during the Asian session on Monday (March 6) and is currently trading near $1855 per ounce, holding most of last week's gains. After a series of beautiful economic data, Federal Reserve officials did not release the signal to the market for a 50 basis point rate hike in March, disappointing some investors. U.S. bond yields plunged on Friday and extended the decline on Monday, with the 10-year U.S. bond yield once falling to a three-day low of 3.934%, which provided support to gold prices.

U.S. crude oil is slightly weaker and currently trading around $79.19 per barrel. On the one hand, oil prices rose to near the double resistance level of the 100-day SMA and the 80-figure mark, and some short-term longs took profits; on the other hand, China previously set a moderate target of around 5% for economic growth this year, lower than the market forecast of 5.5%. However, Saudi Arabia raised the price of Arabian light crude sold to Asia for the second month in a row in April, and oil prices are still expected to top the 80 integer mark resistance in the aftermath.

In addition, energy services company Baker Hughes said in a report on Friday that the company cut and rig count for the third consecutive week, which was the first time since last August. The U.S. oil rig count fell by eight to 592, which was the lowest level since September. The news was also biased to give oil prices upward momentum.

This trading day, pay attention to the U.S. monthly rate of factory orders for January, relevant news of the two sessions of the Chinese People's Congress and ECB Executive Committee Lien's speech. And pay attention to the expected changes of the market on the speech of Federal Reserve Chairman Powell and Non-farm payrolls data this week.

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 March 6, 2023, Beijing time.

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 6. 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 6. 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 6. 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 6. 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 6. This policy is a daytime policy. Please pay attention to the policy release time.