MHMarkets：Super week is coming, and the market trading sentiment is cautious before the Fed meeting.

At the end of the Asian market on Tuesday (December 12), the super week is coming. The market trading sentiment is cautious before the Fed meeting. Institutions currently generally expect the Fed to maintain a stable federal funds rate in the range of 5.25% to 5.5%, and the Fed Chairman Powell is likely to reiterate his commitment to reducing inflation. Tonight, the market will welcome the first heavyweight data of the week, the US CPI (inflation data), with an expected annual rate of 3.10% and a core CPI of 4.00%. Before the data was released, market trading was cautious. The US dollar index fluctuated throughout the day yesterday. When the Asian market opened today, it fell slightly, with a current price around 103.93. Gold continued to decline in stages yesterday, and as for the rebound of gold, it still depends on the support provided by future data for gold. If the future data fails to change the existing market expectations, it is highly likely that the future market of gold will continue to decline. At the opening of the Asian market today, gold saw a slight correction and volatility, with the current price around 1987.87. US crude oil rose and then fell yesterday, and the market is still waiting for the latest fundamental data support. It is expected that the volatility of US crude oil will not be too significant before the release of major data this week. At the opening of the Asian market today, US crude oil continued to rise downwards and broke through the upward resistance formed yesterday. The current price is around 72.11.EURUSD is currently trading cautiously due to the uncertainty of numerous data this week. Yesterday, EURUSD trading was light, with prices fluctuating within last Friday. At the opening of the Asian market today, EURUSD fluctuated slightly, with a current price around 1.0769. According to recent media reports, Bank of Japan officials believe it is almost unnecessary to hastily end negative interest rate policies this month, as they have not seen enough evidence that wage growth will support sustainable inflation. USDJPY saw a rapid increase in prices after this news, but was ultimately limited by market volatility due to the expected impact of data not released this week. Today in the Asian market, USDJPY continued to decline after being blocked above yesterday and fell below the latest support level formed yesterday, with a current price of 145.43.

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 December 12, Beijing time.

Gold XAUUSD·
Resistance	2000.47 – 2015.09 – 2032.71
Support	1975.48 – 1965.49 – 1955.30
The above figure shows the 30 minute chart of   gold. The chart shows that the recent upward resistance of gold has been   around 2000.47-2015.09-2032.71, and the downward support has been around 1975.48-1965.49-1955.30.   The market will be judged by whether to break through the upper and lower   support and resistance.Note: The above strategy was updated at 15:00 on December   12. This policy is a daytime policy. Please pay attention to the policy   release time.

Crude Oil USOUSD·
Resistance	72.73 – 74.24 – 74.81
Support	70.42 – 69 – 67.11
The above chart shows the 30 minute chart of US   crude oil. The chart shows that the recent upward resistance of US crude oil   is around 72.73-74.24-74.81, and the downward support is around 70.42-69-67.11.   The market will be judged by whether to break through the upper and lower   support and resistance.Note: The above strategy was updated at 15:00 on December   12. This policy is a daytime policy. Please pay attention to the policy   release time.

EURUSD·
Resistance	1.0786 - 1.0817 - 1.0847
Support	1.0723 - 1.0701 - 1.0665
The above figure shows the 30 minute chart of EURUSD.   The chart shows that the recent upward resistance of EURUSD is around 1.0786-1.0817-1.0847,   and the downward support is around 1.0723-1.0701-1.0665. The market will be   judged by whether to break through the upper and lower support and   resistance.Note: The above strategy was updated at 15:00 on December   12. This policy is a daytime policy. Please pay attention to the policy   release time.

GBPUSD·
Resistance	1.2591 – 1.2613 – 1.2651
Support	1.2535 - 1.2502 – 1.2487
The above figure shows the 30 minute chart of GBPUSD.   The chart shows that the recent upward resistance of GBPUSD is around 1.2591-1.2613-1.2651,   and the downward support is around 1.2535-1.2502-1.2487. The market will be   judged by whether to break through the upper and lower support and   resistance.Note: The above strategy was updated at 15:00 on December   12. This policy is a daytime policy. Please pay attention to the policy   release time.