Mohicans markets：MHM European Market

Market Overview

On Friday (March 17), in Asian session, spot gold rose in oscillations and is currently trading around 1931.75 US dollars per ounce, although the US dollar index has slightly declined, providing momentum for gold prices to rise. However, large American banks have injected $30 billion into First Republic Bank to rescue the Bank of First Republic, which has been caught in the recent financial turmoil. The Swiss Central Bank has also offered $54 billion in life-saving assistance to Credit Suisse. The market's concern about the banking crisis in Europe and the United States has cooled, and global stock markets have generally risen. Investors need to be wary of short-term fluctuations in the gold price and even the risk of a peak.

Of course, the risk aversion sentiment has not completely subsided, and there is still a certain amount of risk aversion funds pouring into the gold market, providing support for the gold price. However, overnight, the European Central Bank unexpectedly raised interest rates by 50 basis points, and the market expects the Federal Reserve to raise interest rates by 25 basis points next week, slightly bearish on gold prices in the short term. Although in the medium to long term, the market expects global central banks to have entered the end of the interest rate raising cycle, and the expectation of terminal interest rates has significantly decreased, which is expected to provide support for gold prices in the middle line.

US crude oil traded near $68.30 per barrel; Oil prices bottomed out and rebounded on Thursday, ending three consecutive days of declines. Earlier, it was reported that Saudi Arabia and Russia had met to discuss how to strengthen market stability. The two countries continued to promise to comply with the decision to reduce their production target by 2 million barrels per day by the end of 2023; Helped by a strong rebound in the financial sector, the sharp closing of US stocks also boosted oil prices.

On this trading day, attention needs to be paid to the monthly rate of industrial output in the United States in February, the initial value of the University of Michigan consumer confidence index in the United States in March, and news related to the banking crisis in Europe and the United States.

The Mohicans Markets strategy is for reference only and is not intended as investment advice. Please carefully read the statement terms at the end of the article. The following strategy was updated at 15:00 Beijing time on March 17, 2023.

Intraday Oscillation Range: 1873-1889-1903-1911-1929-1937

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, 1873-1889-1903-1911-1929-1937 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 17. 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 17. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range:64.5-65.8-66.9-67.3-68.9-70.1-71.2

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

In the subsequent period of US crude oil, 64.5-65.8-66.9-67.3-68.9-70.1-71.2 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 17. 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

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 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 17. 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

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