Mohicans markets ：October 27- MHM European Perspective

Market Overview

On Thursday, October 27, Beijing time, spot gold shock slightly up in early trading of Asian market and is currently trading near $1,666 per ounce; market expectations for the Federal Reserve to raise interest rates in December 75 basis points cooled, the dollar and U.S. bond yields fell sharply overnight; the dollar index extended weakness on Thursday, once hit a nearly five-week low to 109.54, continue to provide support for gold prices; technically speaking, there is still room for gold prices to further rebound in the short term.

While market eyes have begun to focus on the U.S. third-quarter GDP data, which will be released at 20:30 this trading day; market expectations will U.S. economic growth may rebound 2.4% in the third quarter, but this would be a serious exaggeration of the health of the economy; if you exclude trade, GDP will look much weaker than the overall data suggests. And the market expects core PCE growth to fall to 4.5% year-over-year in the third quarter, compared to 4.7% in the second quarter, which could further raise expectations that the Fed is slowing down the rate hike part of the equation, hopefully giving gold prices a chance to rally further.

Of course, investors also need to pay attention to the European Central Bank interest rate resolution and the performance of the U.S. initial claims data; the market is currently expected to raise interest rates by 75 basis points, the initial jobless claims will remain at a low level, which may make the bulls wary.

Mohicans Markets strategies are for information purposes only and are not intended as investment advice, please read the disclaimer at the end of the article. The following strategies were updated on October 26, 2022 at 15:30 BST.

Technical Analysis

CME Group options layout changes(December Futures Price)：

1720-1725 Bullish increase sharply, bearish increase, long second target

1700 Bullish decrease, bearish decrease, long target and resistance

1690 Bullish increase, bearish unchanged, short-term resistance

1675-1680 Bullish increase, bearish decrease, the first long target, sentiment dividing point between long and short

1665 Bullish increase slightly, bearish increase, first support

1650 Bullish decrease sharply, bearish decrease sharply, key support

1645 Bullish unchanged, bearish increase and the stock is large, the first target for Bears

Order flow key point marking (Spot Price)：

1694-1696 Long target

1682-1684 Mid-term resistance

1672-1673 Key resistance during the day

1660 First support

1650-1652.6 Intraday key (trend support during the week)

1645 Short support

1637 Key trend support, break down to return to downtrend

Note: The above strategy was updated at 15:00 on October 27. The strategy is a daytime strategy, please note the strategy release time.

CME Group options layout changes(December Futures Price)：

20 Bullish increase sharply and the stock is large, bearish unchanged, long target

19.6 Bullish increase, bearish increase, long and short compete for points

19.5 Bullish decrease slightly, bearish increase sharply, downward momentum expand

19.25 Bullish decrease slightly, bearish decrease slightly, weak support

19 Bullish decrease, bearish increase, short target

18.6 Bullish unchanged, bearish increase, short target

Order flow key point marking (Spot Price)：

19.9-20 Trend key resistance

19.7 Resistance during the day

19.42 Short-term key support - break below at 19.23

19.23 Short term support

18.9-19 Key support during the week

18.6 Short-term support

18-18.3 Important support area

Note: The above strategy was updated at 15:00 on October 27. The strategy is a daytime strategy, please note the strategy release time.

Order flow key point marking (December Futures Price)：

92 Bullish decrease, bearish decrease slightly, resistance level

90 Bullish increase but the stock is large, bearish increase, long target

88.5 Bullish increase slightly, bearish increase sharply, key resistance

85 Bullish decrease but the stock large, bearish decrease sharply, support

81.5-82 Bullish decrease slightly, bearish increase, short target

80 Bullish increase sharply and the stock is large, bearish decrease sharply but the stock is large, key support

Order flow key point marking：

90 First resistance after breakout

88.6-89 Key resistance during the day

87 Short-term key support

86 Second support

83.8 Short-term upside key support

Note: The above strategy was updated at 15:00 on October 27. The strategy is a daytime strategy, please note the strategy release time.

CME Group options layout changes：

1.02 Bullish decrease but the stock is large, bearish increase slightly, long target and resistance

1.015 Bullish decrease slightly but the stock is large, bearish increase slightly, rebound target and resistance

1.01 Bullish decrease, bearish increase slightly and the stock is large, first resistance

1.00-1.0075 Bullish decrease sharply, bearish increase sharply and the stock is large, bear power strengthen

0.995 Bullish decrease, bearish increase and the stock is large, fall back target

0.99 Bullish increase slightly, bearish increase sharply and the stock is large, short target

Note: The above strategy was updated at 15:00 on October 27. The strategy is a daytime strategy, please note the strategy release time.

CME Group options layout changes：

1.18 Bullish unchanged but the stock is large, bearish unchanged, long target

1.175 Bullish decrease slightly, bearish unchanged, next resistance

1.17 Bullish decrease slightly but the stock is large, bearish decrease slightly, rebound target and resistance

1.165 Bullish decrease slightly, bearish unchanged, first resistance

1.16 Bullish increase slightly, bearish unchanged, first support

1.155 Bullish decrease slightly and the stock is large, bearish decrease slightly, support weaken

1.14 Bullish increase, bearish increase, short target and support

Note: The above strategy was updated at 15:00 on October 27. The strategy is a daytime strategy, please note the strategy release time.

Statement |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. We have made every effort to ensure the accuracy of the information as of the date of publication. MHMarkets makes no warranties or representations about this material. The examples in this material are for illustration only. To the extent permitted by law, MHMarkets 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 MHMarkets products, including applicable fees and charges, are outlined in the product disclosure statements available on the MHMarkets website. Derivatives can be risky and losses can exceed your initial payment. MHMarkets recommends that you seek independent advice.

Mohicans Markets, (Abbreviation: MHMarkets or MHM, Chinese name: Maihui), Australian Financial Services License No. 001296777.