MHMarkets：The U.S. dollar broke through the pressure, non-US currencies plunged, and U.S. crude oil began to rally!

Market Overview

On Friday (August 25), spot gold fluctuated in a narrow range during the Asian session, and is currently trading near $1913.90 per ounce. On the one hand, some Fed officials do not believe that further interest rate hikes are needed to provide support for gold prices, and recessionary concerns also provide safe-haven support for gold prices; but on the other hand, the U.S. employment data is still strong, which means that the Fed needs to maintain high interest rate levels for a longer period of time. The dollar continued to rise and refresh more than two and a half months high, putting pressure on gold prices.

The market's attention is focused on Fed Chairman Jerome Powell's speech at the annual meeting in Jackson Hole, which will begin at 22:05 GMT.

The topic of Powell's speech is listed as “economic outlook” on the Fed's public agenda, but the Fed chairman has a lot of room in how to use the Jackson Hall platform.

U.S. crude oil rebounded slightly, once hitting a two-day high of $79.59 per barrel. An influx of buying on the lows following the report of slumping diesel inventories in Europe gave oil prices momentum to rally; and market concerns about the demand outlook have been eased by reports that Saudi Arabia may extend its 1 million bpd production cuts into October.

In addition, this trading day Cleveland Fed President Mester, Chicago Fed President Goolsbee and Philadelphia Fed President Harker will also speak respectively. Watch out for changes in U.S. crude oil drilling data.

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 August 25, Beijing time.

Intraday Oscillation Range: 1889-1903-1919-1929-1937-1951-1960

Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1889-1903-1919-1929-1937-1951-1960-1977-1985-1998-2007-2016-2033-2046-2057-2066-2077-2089-2097-2100

In the subsequent period of spot gold, 1889-1903-1919-1929-1937-1951-1960 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 August 25. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 23.1-23.9-24.5-25.3-26.1

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, 23.1-23.9-24.5-25.3-26.1 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 August 25. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 75.1-77.9-78.5-79.9-80.7-82.3-83.5

Overall Oscillation Range: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3-87.3-89.1-90.7

In the subsequent period of crude oil, 75.1-77.9-78.5-79.9-80.7-82.3-83.5 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 August 25. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0570-1.0690-1.0755-1.0830-1.0950

Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303-1.13340

In 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 August 25. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0570-1.0690-1.0755-1.0830-1.0950

Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303-1.13340

In 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 August 25. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.2400-1.2470-1.25460-1.26505-1.27000

Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.25460-1.26505-1.27000-1.28200-1.29300-1.30000-1.30600-1.31000-1.31660-132000

In the subsequent period of GBPUSD, 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 August 25. This policy is a daytime policy. Please pay attention to the policy release time.