Mohicans markets ：The Fed continues to raise interest rates sharply and is expected to be boosted again, beware of further efforts by gold and silver bears

Key Data

Todays Disk

Market Overview

Fundamentals Overview

On Monday, August 8, spot gold traded below the pivot point at 1776.69 in the Asian session. If it can break through and stand above this level, it may further open up the upside. Spot silver has turned bullish and is currently testing the first resistance at 19.95. WTI crude oil rose slightly, and watch the resistance at 90.26 near the current price. The dollar index failed to test the first resistance at 106.82, and then fell back. EUR/USD and GBP/USD are hovering near the pivot point, pay attention to the direction selection.

The Mohicans Markets strategy is for reference only and not as investment advice. Please read the terms of the statement at the end of the article carefully. The following strategies were updated at 16:30 on August 5, 2022, Beijing time.

Technical Point of View

ONE · Technical Level · International Gold

1815-1820 Bullishness is reduced and the stock is large, the bearishness is slightly reduced, and the bullish target is also resisted

1790-1796 Bullish decrease and large stock, bearish increase, resistance level

1775-1780 Bullish increase, bearish decrease, resistance weakened

1765 Bullish increase, bearish increase slightly, first support

1756 Bullish decrease, bearish increase, bearish target and support

1735 Bullish unchanged, bearish increase, bears second target

Technical Analysis

The results of the non-agricultural data released last Friday were twice as much as the market expected, which led to a rise in interest rate expectations, and the price of gold fell sharply, failing to break through the previous 1794 resistance position. In terms of order flow, the overall capital is not willing to bet, and the capital is mainly to avoid risk events, and it is still waiting for the direction of 1750-1800.

Among them, 1775-1780 is bearish and there is a large number of departures, and the resistance has weakened. If it can stand, it may once again look at the previous resistance of 1795. However, on Friday, the bullish funds above 1795 left the market in large numbers, and the upward movement could be weakened; only a breakthrough would have a chance to impact the long target of 1815-1820. Below the current price, the 1765 support is more critical, and the break may test the short target of 1750. There are still many put options here, and the short target will be broken again at 1735.

Note: The above strategy was updated at 16:00 on August 8th. This strategy is a day strategy, please pay attention to the release time of the strategy.

TWO · Technical Level · Spot Silver

20.5 is less bullish, bearish remains unchanged, the previous long target and resistance level 20.25 slightly increased bullish, bearish unchanged, resistance 19.9-20 increased bullish and large stock, bearish increased, short-term resistance 19.75 bullish decreased, bearish decreased, support 19.5 Bullish decrease, bearish increase sharply, pullback target and support level 19.25 Bullish increase, bearish decrease, fall back to support level

Technical Analysis

Silver failed to break through the 20-barrier resistance on Friday, and the daily line maintained a volatile callback trend. From the perspective of order flow, 19.9-20 long and short sides have no willingness to retreat, and it is still a key short-term competition. Under this, silver is under pressure and bearish, with bullish funds flowing out at 19.75 below, and the support has weakened, while bearish funds have aggressively increased their positions at 19.5 and continue to be the target of callback. Fund bets below 19.5 are not strong, and 19.25-19.15-19 have stock bullish capital buffers.

If the 20 mark is stabilized within the day, it is expected to test 20.25 or even the strong resistance of 20.5 again. Among them, the 20.5 call optionswill lighten up slightly, and the upward strength will be weakened to a certain extent.

Note: The above strategy was updated at 16:00 on August 8th. This strategy is a day strategy, please pay attention to the release time of the strategy.

THREE · Technical Level · US Crude Oil

96.5 bullish increase, bearish decrease, midline resistance 92.8 bullish increase, bearish decrease, rebound target is also a strong resistance 90.7days key resistance (during 89.5 has weak resistance) 86.5-87.5, bullish increase, bearish decrease, the first support after breaking 85 bullish increase, Bearish sharply reduced, bears target below, but downside momentum weakened by 82-83 support zone

Technical Analysis

The volatility of crude oil has weakened, fluctuating in the low range of 87- 90.7. As our report last Friday said, below 88 has entered a support-intensive area during the year, and continued downward movement requires stronger kinetic energy or worsening sentiment. Combining options and order flow, the bearish funds below 88 are mainly to leave the market, while the bullish funds above the current price have slightly returned, but the recent recession is still expected to continue to suppress oil prices. The risk of low aspiration may be lower. The rebound target above is also the resistance. First pay attention to 90-91, then the strong resistance of 92.8. The intraday extreme rebound target is supported below 95 and continue to pay attention to the low point support of 86.5-87.5. The first target of the shorts is still 85, then 80. 83 short-term may play a certain buffering role.

Note: The above strategy was updated at 16:00 on August 8th. This strategy is a day strategy, please pay attention to the release time of the strategy.

FOUR · Technical Level · EURUSD

1.04 Bullish decrease, bearish unchanged, resistance 1.0250-1.03 bullish increase, bearish increase slightly, long target 1.0150-1.02 bullish unchanged,bearish increase 1.01 bullish slightly increase, bearish increase, support 1.00-1.0050 bullish unchanged, look for sharp increase, bears target

Technical Analysis

On Friday, under the influence of non-agricultural data, the euro fell to a minimum of 1.0141 against the dollar, and stabilized in late trading, but was still under pressure below 1.02. From the perspective of changes in order flow, 1.0250 and above are dominated by bullish increases. If EUR/USD wants to regain its upward momentum, it needs to stand at the key level of 1.0250 first; while 1.0250 and below are dominated by bearish entry, at this level Under the circumstances, the euro against the dollar still tends to be under pressure and downward, and the support first focuses on the low of non-farm payrolls, followed by 1.01. If it falls below this level, there is a risk of further price parity.

Note: The above strategy was updated at 16:00 on August 8th. This strategy is a day strategy, please pay attention to the release time of the strategy.

FIVE · Technical Level · GBPUSD

1.24 Bullish increase, bearish unchanged, long target

1.22 Bullish increase, bearish unchanged, long target

1.21 Bullish increase, bearish increase slightly, bulls target

1.2050 Bullish increase, bearish increase in sync, key level

1.20 Bullish unchanged, bearish increase, bearish target

1.19 Bullish unchanged, bearish increase, bearish target

1.18 Bullish unchanged, bearish increasing, bearish target

Technical Analysis

On Friday, under the influence of non-agricultural data, GBP/USD successfully reached the bearish target of 1.20, rebounded in late trading, and is still under pressure at 1.21. From the perspective of changes in order flow, 1.2050 is a level where both long and short positions can bet. It is expected that this position constitutes a short-term key level. Below 1.2050, the bearish increase is the main reason. The target continues to focus on 1.20, followed by 1.19. And if it can be maintained above 1.2050, first focus on whether it can break through the 1.21 level, and further focus on 1.22 if it breaks through the stabilizing long target. From the stock point of view, there is a large stock of put options at 1.2150-1.2250. Before standing at 1.2250, it is expected that the pound and the United States will still be difficult to avoid bearish pressure.

Note: The above strategy was updated at 16:00 on August 8th. This strategy is a day strategy, please pay attention to the release time of the strategy.

SIX · Technical Level · AUDUSD

0.7050 bullish increase, bearish unchanged, the upper target 0.70 bullish increase, bearish increase, key resistance level 0.6950 bullish increase, bearish unchanged but the stock is slightly dominant, resistance 0.6850 bullish unchanged, bearish increase, trend support long and short fight for key position 0.68 bullish unchanged, bearish increase, the first targetafter breaking down 0.6750 bullish unchanged, bearish increase, short second target

Technical Analysis

On Friday, the non-agricultural data was unexpectedly better than expected, stimulating the dollar to strengthen sharply. Australia and the United States also fell to the previously emphasized trend key support of 0.6850-0.6875, but finally managed to hold this position. From the perspective of order flow, the long and short differences around 0.69 are more obvious. Below 0.69, continue to pay attention to the gains and losses of the key trend support of 0.6850-0.6875. A move back above the 0.70 key resistance would mean the rally has restarted. Above 0.69, you can first pay attention to the resistance of 0.6950.

Note: The above strategy was updated at 16:00 on August 8th. This strategy is a day strategy, please pay attention to the release time of the strategy.

Declaration|Disclaimer

Disclaimer: The information contained in this material is for general advice only. It does not take into account your investment goals, financial situation or special needs. Mohicans Markets has made every effort to ensure the accuracy of the information as of the date of publication. Mohicans Markets makes no warranties or representations regarding this material. The examples in this material are for illustration only. To the extent permitted by law, Mohicans Markets and its employees shall not be liable for any loss or damage arising in any way, including negligence, from any information provided or omitted from this material. The features of Mohicans Markets products, including applicable fees and charges, are outlined in the Product Disclosure Statement available on the Mohicans Markets website www.mhmmarkets.com and you should consider before deciding to deal with these products. Derivatives can be risky; losses can exceed your initial payment. Mohicans Markets recommends that you seek independent advice.

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