Mohicans markets：MHM European Market

Market Overview

On Tuesday (March 14), the spot gold weakened slightly in the Asian session,  currently trading price is around 1903.80 US dollars/ounce. The yield of US dollars and US bonds has fallen sharply in the past few trading days, helping the gold price to rise sharply. On Tuesday, the US CPI data for February will be ushered in. The market is in a strong wait-and-see mood. Some investors take profits, the US dollar index has rebounded gently, and the gold price will start to recover.

However, after the collapse of two major regional banks in the United States, the market expects that the Fed's interest rate increase will be weakened. The market currently generally expects that the Fed will raise interest rates by 25 basis points at the policy meeting next week, and the probability of suspending interest rate increase is expected to be 31.4%. Traders also expect the Federal Reserve to cut interest rates this year, and the federal funds rate is expected to fall to 3.80% in December from the current 4.57%. By the end of last week, traders had also basically abandoned the expectation of interest rate reduction this year.

US oil traded near 74.50 USD/barrel; The oil price fell more than 2% in the volatile trading on Monday, as the collapse of the Silicon Valley bank disrupted the stock market and raised concerns about the new financial crisis, but the recovery of demand provided support, and Saudi Aramco believed that the oil market would maintain a tense balance in the short and medium term.

The market expects the US CPI in February to be 6.0% year-on-year. If the data in the evening meet the expectations, this will be the slowest growth rate since October 2021, which will further support the Federal Reserve to slow down the pace of interest rate increase. This expectation is biased towards bullish gold prices.

The Mohicans Markets strategy is for reference only and not for investment advice. Please read the statement clauses at the end of the text carefully. The following strategy was updated at 15:00 Beijing time on March 14, 2023.

Intraday Oscillation Range: 1873-1889-1903-1911-1929

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, 1873-1889-1903-1911-1929 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 14. 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 14. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range:71.2-72.3-73.1-73.8-75.1-77.9

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, 71.2-72.3-73.1-73.8-75.1-77.9 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 14. 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

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 March 14. 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: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.2550

In the subsequent period of GBPUSD, 1.1920-1.2030-1.2135-1.2250-1.2375 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 14. This policy is a daytime policy. Please pay attention to the policy release time.