Mohicans markets：​12.15-MHM European Perspective

Market Overview

During the Asian European session on Thursday (December 15), Beijing time, spot gold was volatile and weak, hitting a two-day low of 1789.47 US dollars/ounce. The Federal Reserve raised interest rates and hinted that there would be multiple interest rate hikes next year. The speech of Federal Reserve Chairman Powell also tended to be hawkish, which significantly suppressed the gold price. After another surge and fall, investors need to be wary of the short-term peak risk of the gold price. However, at present, the resilience of the dollar index is weak, and the overall situation is still weak. Bulls still have some opportunities.

This trading day will also usher in the Bank of England interest rate resolution and the European Central Bank interest rate resolution. The market is expected to raise interest rates by 50 basis points, which will increase the opportunity cost of holding gold, which is unfavorable to the gold price. However, this factor may also have a negative impact on the US dollar, so the overall bearish impact may be limited.

Mohicans Markets 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 15, 2022 Beijing time.

Technical Analysis

Change of CME Group  option layout (futures price in February):

1875 Bullish sharply reduced, bearish unchanged, resistance level

1850 Bullish increased significantly, bearish unchanged, long target

1835 Bullish sharply reduced, bearish unchanged, positive force level

1800 Bullish decreased, bearish increased significantly, and breakout will expand downward momentum

1775 Bullish sharply reduced, bearish sharply increased, short target

1750 Bullish slightly reduced, bearish significantly increased, short target

Order flow key point marking (spot price):

1845 Bulls secondary target is also resistance

1833 The first target of bulls

1825 Key resistance

1813 The rear high of the Federal Reserve, an important resistance

1795 Low point after meeting, important support

1790 CPl data rising point, secondary support

1781 Key support

Note: The above strategy was updated at 15:00 on December 15. This policy is a daytime policy. Please pay attention to the policy release time.

Change of CME Group option layout (futures price in March)

24.75 Bullish decreased, bearish unchanged, resistance level

24.25 Bullish decreased, bearish slightly increased, resistance level

24.1 Bullish increased, bearish increased significantly, and long short competing for point

24 Bullish decreased, bearish slightly increased, the second resistance level

23.5 Bullish decreased, bearish increased, short-term resistance level

23 Bullish decreased, bearish increased, short target

Order flow key point marking (spot price):

24.85-25 Bullish target

24.45-24.57 Secondary resistance

24-24.17 Double top neck line position in March, strong resistance area

23.55-23.6 First support

23.38  The starting point CPI and supporting level of interest rate resolution, key

23-23.1 Important support recently

22.57 Hour-level double bottom neck support

Note: The above strategy was updated at 15:00 on December 15. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes (January Futures Price)：

80 Bullish increased sharply, bearish decreased, long target

79.5 Bullish decreased sharply, bearish decreased slightly, resistance

77.5 Bullish increased sharply, bearish increased sharply, key level

76-76.5 Bullish decreased sharply, bearish increased sharply, short target area

75 Bullish decreased sharply, bearish increased sharply, short target

74-74.5 Bullish decreased sharply, bearish decreased sharply, support zone

Order flow key point marking (Spot Price)：

81.3 Start of previous round of declines, key resistance

79-80 Rebound target area for call option bets, also resistance

77.8-78 Key resistance area during the day

76.4 First support level during the day

75-75.4 Long-short boundary, key support area

73.8-74 Support zone

72.8 Key support for the rally

Note: The above strategy was updated at 15:00 on December 15. This policy is a daytime policy. Please pay attention to the policy release time.

Todays CME Group data:

1.255 Bullish unchanged but the stock was large, bearish unchanged, long target

1.245 Bullish unchanged but the stock was large, bearish decreased slightly, rebound target and resistance

1.24 Bullish decreased slightly, bearish increased slightly, first resistance

1.235 Bullish unchanged, bearish increased sharply, fallback target and support

1.23 Bullish decreased, bearish increased sharply, short target

1.225 Bullish unchanged, bearish decreased slightly, short target and support

Note: The above strategy was updated at 15:00 on December 15. This policy is a daytime policy. Please pay attention to the policy release time.

Todays CME Group data:

1.245 Bullish increased sharply, bearish unchanged, long target

1.235 Bullish increased sharply, bearish unchanged, rebound target

1.225 Bullish unchanged, bearish unchanged, resistance

1.22 Bullish increased slightly, bearish increased sharply, fallback target and support

1.215 Bullish unchanged, bearish increased sharply, fallback target

1.205 Bullish unchanged, bearish increased, short target

Note: The above strategy was updated at 15:00 on December 15. This policy is a daytime policy. Please pay attention to the policy release time. 

Statement | Disclaimer

Disclaimer: The information contained in this material is for general consultation only. It does not take into account your investment objectives, 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 warranty or representation on this material. The examples in this material are for illustrative purposes only. To the extent permitted by law, MHMarkets and its employees shall not be liable for any loss or damage arising from any information provided or omitted in this material in any way (including negligence). The characteristics of MHMarkets' products, including applicable fees and charges, are outlined in the product disclosure statement provided on MHMarkets' website. Derivatives may be risky; The loss may exceed your initial payment. MHMarkets recommends that you seek independent advice.

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