MHMarkets ：MHM European Market

Market Overview 

On Tuesday (April 18), during the Asian session, Spot gold oscillated slightly higher and is currently trading around $2001.46 per ounce. The latest economic data from China was generally better than expected, depressing safe-haven buying demand for the dollar; a slight pullback in the dollar helped gold prices rebound. However, the market consensus on the Fed's expected rate hike in May is expected to limit the dollar's retracement space, and U.S. bond yields are holding at multi-week highs, which is expected to put gold prices at further downside risk in the short term. And gold's safe-haven buying demand has also been somewhat weakened.

U.S. crude oil traded near $80.82 per barrel; oil prices fell more than 2% on Monday as the dollar strengthened and as investors mulled a possible Federal Reserve rate hike in May, which could dampen hopes for an economic recovery. In addition, Russia expects oil production to remain stable until 2025, and U.S. shale gas production may hit a record high in May, dragging down oil prices.

On this trading day, attention needs to be paid to the initial value of the total annualized construction permits in the United States in March and the performance of the total annualized new home construction starts in the United States in March. Pay attention to the performance of the financial reports of American banking giants, including Bank of America and Goldman Sachs on Tuesday and Morgan Stanley on Wednesday.

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 April 18, Beijing time.

Intraday Oscillation Range: 1978-1985-1998-2007-2016-2033-2046

Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1889-1903-1911-1929-1937-1951-1978-1985-1998-2007-2016-2033-2046-2057-2066-2077-2089-2097-2100

In the subsequent period of spot gold, 1978-1985-1998-2007-2016-2033-2046 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 April 18. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 24.5-25.3-26.1-26.6

Overall Oscillation Range: 19.7-20.1-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1-26.6-27.3

In the subsequent period of spot silver, 24.5-25.3-26.1-26.6 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 April 18. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 77.9-78.5-79.9-80.7-82.3-83.5

Overall 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

In the subsequent period of spot silver, 77.9-78.5-79.9-80.7-82.3-83.5 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 April 18. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0690-1.0755-1.0830-1.0950-1.1157

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, 1.0690-1.0755-1.0830-1.0950-1.1157 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 April 18. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.2250-1.2375-1.2400-1.2470-1.2550

Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.2550-1.27000

In the subsequent period of GBPUSD, 1.2250-1.2375-1.2400-1.2470-1.2550 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 April 18. This policy is a daytime policy. Please pay attention to the policy release time.