MHMarkets：Dollar consolidated in a small range, precious metals and non-US currency is weak while the US crude oil continued to strengthen!

Market Overview

Spot gold bottomed out in Asia on Monday (August 21) after earlier hitting a fresh more than five-month low of $1,884.70 per ounce, pressured by concerns that the Federal Reserve will keep interest rates at higher levels for longer, with the dollar index holding near a more than two-month high and US Treasury yields recouped most of Friday's losses. At the same time, this week will see Fed Chair Powell speak at the Jackson Hole annual conference, amid concerns that the Fed may issue a hawkish view.

The vast majority of economists polled by Reuters said that while the Fed's rate-hike cycle was likely over, a slim majority now expected the central bank to wait until at least the end of March before cutting rates.

U.   S. crude traded near $81.26 per barrel, after rising nearly 2% on Friday on signs of a slowdown in U.S. crude output and a looming export cut from Kuwait, but both benchmarks also ended their longest weekly winning streak since 2023 as concerns about global demand growth mounted.

With no major economic data to be released this session, watch for changes in market expectations on the global economic outlook and Jackson Hole annual meeting.

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 21, Beijing time.

Intraday Oscillation Range: 1856-1873-1889-1903-1919-1929-1937

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, 1856-1873-1889-1903-1919-1929-1937 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 August 21. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 20.6-21.5-22.3-23.1-23.9-24.5

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, 20.6-21.5-22.3-23.1-23.9-24.5 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 21. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 77.9-78.5-79.9-80.7-82.3-83.5-85.3

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

In the subsequent period of crude oil, 77.9-78.5-79.9-80.7-82.3-83.5-85.3 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 August 21. 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:

1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303-1.13340

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 August 21. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.25460-1.26505-1.27000-1.28200-1.29300

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, 1.25460-1.26505-1.27000-1.28200-1.29300 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 21. This policy is a daytime policy. Please pay attention to the policy release time.