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Gold focuses on further testing weekly support, Europe and the United States are under pressure in the short term
Wonderful introduction:
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Gold focuses on further testing weekly support, and Europe and the United States are under short-term pressure." Hope it will be helpful to you! The original content is as follows:
Dollar Index
In terms of the performance of the US dollar index, the US dollar index showed an upward trend on Thursday. The price of the US dollar index rose to 97.502 at the highest, and fell to 97.08 at the lowest, and finally closed at 97.459. Looking back on Thursday's market performance, the price fell slightly in the short term during the early trading session, and then the price rose again, and the price broke through the four-hour resistance position in the US session. Although it bottomed out for the second time, it eventually continued to close at a high level, and the daily line ended with a big positive. We need to continue to pay attention to the breakthrough performance of the daily resistance position in the future.
From a multi-cycle analysis, the price is suppressed in the 98.90 area resistance at the weekly level. From a medium-term perspective, the trend of the US dollar index will be more bearish, but it is key to pay attention to whether it can break up in the future. At the daily level, the price broke through the daily resistance in the early stage, but fell below the daily support again on Tuesday, and continued to decline in the short term after falling below the daily resistance. The current daily resistance is at 97.80. It is still necessary to pay attention to further testing and stand firm again in the future. From the four-hour perspective, after falling below the four-hour support last Friday, the price is currently running below the four-hour resistance position. As time goes by, the price broke through the four-hour resistance position yesterday, and it is long in the short term. Currently, the four-hour support is in the range of 97.30-97.40, and it will be upward based on this position in the future. The price on the hour is also a bullish performance, so the price continues to rise within the day based on the 97.30-40 range. Pay attention to the 97.80 area above. Once it stands firm, it will further test the weekly resistance area.
The US dollar index has a long range of 97.30-40, with a defense of 5 US dollars, and a target of 97.80 (continue to look upward after breaking)
Gold
In terms of gold, the price of gold generally showed a decline on Thursday. The price rose to 3393.22 on the day, and fell to 3351.28 on the lowest point, and closed at 3368.28 on the trading day. In response to the short-term fluctuation of gold during the early morning session on Thursday, then suppressing the high point of the retreat in the early morning of the previous day, and then the price continued to be weak. After-hours price hits near the daily support and stops correcting, but the final closing is still in a big negative state. We continue to pay attention to the gains and losses of the daily watershed. Once it breaks down, we continue to pay attention to the weekly support area.
From the multi-cycle analysis, we first observe the monthly rhythm. The price is running at the rhythm in May as the author said, and the final cross state. The final price in June is still in an anti-K state. For the current needs to pay attention to the gains and losses of the monthly high point. From the weekly level, the price on the weekly line has continued to fluctuate at a high level recently, and the weekly line is divided over time. The price is temporarily at 3325, and the price is relatively large above this position. The subsequent weekly closing of the weekly price will be further under pressure. The market is still maintaining high fluctuations. According to the daily level, the price has been running above the daily support position last week. Yesterday, the daily support was tested again. There is a risk of breaking down in the future, so the bulls still need to be cautious. Once the daily support is broken, it is expected to test the weekly support area. According to the four-hour level, after the price fell below the four-hour support on Wednesday evening, the short-term price is bearish, and yesterday's price is in the four-hour support. The hourly resistance is weak, and the next four-hour pressure is paid attention to the suppression below 3387. From the one-hour perspective, yesterday's Asian handicap was under pressure at the early morning of the previous day's retracement high point. At the same time, today's price is also suppressed at the high point of the retracement early morning of the previous day. At present, we are paying attention to the suppression of yesterday's high point of the early morning of the previous day. Therefore, if there is no upward breakthrough in the European handicap, we pay attention to the continued pressure, but once we break up, we need to pay attention to the four-hour resistance pressure. The following focus is on the gains and losses of the daily support 3350 position. Once the downward breaks, we pay attention to the 3325 area.
Gold 3387 is short-term, paying attention to the suppression of the low point in the morning, and the target 3350 breaks and paying attention to 3325
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
On the most recent period, the price fell to 1.1729, and the highest rose to 1.1788, and the closing was 1.1748. Looking back at the performance of the European and American markets on Thursday, the price rose first in the short term during the morning, and then reached four-hour support and then rose again. However, the final closing was close to the big negative end. At present, it is not broken for the time being. First, it is under pressure.
From a multi-cycle analysis, from the perspective of the monthly line level, Europe and the United States are supported at 1.0950, so long-term bulls are treated,When the line ends with a big sun, there are still many in the long line. From the weekly level, the price is supported by the support of the 1.1470 area, and from the perspective of the mid-line, the price decline is temporarily treated as a correction in the mid-line rise. From the daily level, after the price broke through the daily resistance this Monday, the current price is at a high above the 1.1690 position, but at the same time, you need to be careful of the price retracement again. From the four-hour level, we need to pay attention to the resistance in the 1.1750-60 area. Before the price breaks through yesterday's high, we will first rely on this area to see the pressure. The short-term price declines further in one hour, so the overall price continues to pay attention to the downward trend, and the short-term price below focuses on the 1.1720-1.1690 area.
Europe and the United States have a short range of 1.1750-60, defense is 40 points, target 1.1720-1.1690
[Finance data and events that are focused today] Friday, July 25, 2025
①14:00 UK June seasonally adjusted retail sales monthly rate
②16:00 Germany July IFO Business Intensity Index
③20:30 US June durable goods order monthly rate
④ The next day 01:00 US to July 25 total number of oil drilling rigs
Note: The above is only personal opinion and strategy, for reference and xmserving.communication only, and does not give customers any investment advice. It has nothing to do with customers' investment, and is not used as a basis for ordering.
The above content is all about "[XM Foreign Exchange Platform]: Gold focuses on further testing weekly support, while Europe and the United States are under short-term pressure". It is carefully xmserving.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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