MHMarkets：Dollar pairs open up space on the upside, non-US currencies and precious metals are long and short, and US crude oil continues to be weak!

Market Overview

On Wednesday (August 16), spot gold narrowly oscillated during the Asian session, and is currently trading near $1904.84 per ounce. Overnight U.S. retail sales data was strong, fueling speculation that the Fed's interest rate hike cycle has not yet ended, so that gold prices continue to be under pressure. However, gold prices are still supported by the 1900 mark, the bulls still leave some opportunities.

Market attention turned to the Federal Reserve meeting minutes, the minutes will be out at 2:00 a.m. Beijing time on Thursday, the Fed in July to maintain the current interest rates unchanged, the minutes of the meeting bias dovish possibility is a little higher, which is expected to give the price of gold to provide some rebound opportunities. In addition, investors also need to pay attention to the U.S. housing market data, this trading day will come out of the U.S. in July the total annualized number of new housing starts and the U.S. in July the total annualized number of building permits.

U.S. crude oil has weakened and is currently trading near $80.60 per barrel. Because the Chinese economic data out this week was weaker than market expectations, the market's concerns about the outlook for crude oil demand heated up, and oil prices continued to fall, further away from the nearly nine-month high hit last week. Despite the sharp decline in API crude inventories, it failed to provide significant support to oil prices, and there is still a further downside risk for oil prices in the short term.

This trading day will usher in the U.S. EIA crude oil inventory data series, investors need to pay attention to. And watch out for the U.S. housing market data and the performance of the Federal Reserve meeting minutes.

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 16, Beijing time.

Intraday Oscillation Range: 1873-1889-1903-1919-1929-1937-1951-1960

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, 1873-1889-1903-1919-1929-1937-1951-1960 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 16. 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 16. 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 16. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range:1.0755-1.0830-1.0950-1.1157-1.1220

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, 1.0755-1.0830-1.0950-1.1157-1.1220can 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 16. 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 16. This policy is a daytime policy. Please pay attention to the policy release time.