MHMarkets ：MHM European Market

Market Overview

On Wednesday (April 26) during the Asian session, spot gold fluctuated narrowly and is currently trading around $1996.16 per ounce. Overnight market concerns about the banking sector rebounded. Concerns about the US debt ceiling crisis intensified. US stocks fell sharply. US bond yields recorded the largest one-day decline since March, providing support for gold prices. However, in the Asian session on Wednesday, risk aversion fell slightly, and gold prices were still suppressed by the resistance of 2000.

US crude oil trading around $77.30 per barrel; Oil prices fell nearly 2% on Tuesday as concerns about an economic slowdown deepened and the US dollar strengthened, overshadowing hopes of increased demand from China and a decline in US crude oil inventories.

This trading day will focus on U.S. March durable goods orders, which are expected to be upbeat and could support the dollar and weigh on gold during the session.

However, the market is more concerned about the first quarter GDP data released on Thursday and the core personal consumption expenditure (PCE) price index released on Friday, which is a favored inflation indicator by the Federal Reserve. Market expectations are lower than before, and the downward space for gold prices is expected to be limited

The MHMarkets strategy is for reference only and is not intended as investment advice. Please carefully read the statement terms at the end of the text. The following strategy update was made on April 26, 2023 at 15:00 Beijing time.

Intraday Oscillation Range:   1951-1978-1985-1998-2007-2016-2033

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, 1951-1978-1985-1998-2007-2016-2033 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 26. This policy is a daytime policy.   Please pay attention to the policy release time.

Intraday Oscillation   Range: 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, 23.9-24.5-25.3-26.1 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 April 26. 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

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, 75.1-77.9-78.5-79.9-80.7-82.3 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 April 26. 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 26. 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 26. This policy is a daytime policy.   Please pay attention to the policy release time.