Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
market analysis
Gold single negative correction hits another new high, Europe and the United States are expected to make another effort
Wonderful introduction:
Let your sorrows be full of worries, and you can't sleep, and you can't sleep. The full moon hangs high, scattered all over the ground. I think that the bright moon will be ruthless, and the wind and frost will fade away for thousands of years, and the passion will fade away easily. If there is love, it should have grown old with the wind. Knowing that the moon is ruthless, why do you repeatedly express your love to the bright moon?
Hello everyone, today XM Foreign Exchange will bring you "[XM Group]: Gold single negative has set a new high after correction, Europe and the United States are expected to make another effort." Hope it will be helpful to you! The original content is as follows:
Macro
The recent global economic situation is xmserving.complex and affected by a variety of factors. U.S. import prices fell by 0.1% month-on-month in March, alleviating inflationary pressure. At the same time, Treasury yields fell, but the shadow of sharp fluctuations in the early stage of the bond market is still there, and investors are paying attention to the speech of Federal Reserve Chairman Powell and retail sales data. In Europe, Germany's investor confidence index hit the biggest drop since the Russian-Ukrainian conflict in April, highlighting market concerns amid trade tensions. The European Central Bank expected a 25 basis point rate cut on Thursday to stimulate the economy. Japanese Minister of Economic Regeneration visited the United States to negotiate the cancellation of additional US tariffs because US tariff policies have had a negative impact on the Japanese economy. Currently, market liquidity may decline before the Good Friday holiday and is more sensitive to policy changes. The details of Trump's tariff policy are unclear and may affect global trade and financial markets. Traders must also be wary of the chain reaction of basis trading closing positions. The global economy is full of uncertainty under the interweaving of factors such as trade and monetary policy. Investors need to pay close attention to data and policy changes and invest cautiously.
Dollar Index
In terms of the performance of the US dollar index, the US dollar index showed an upward trend on Tuesday. The price of the US dollar index rose to 100.254 on the day, and fell to 99.447 at the lowest, and finally closed at 100.134. Looking back at the market performance on Tuesday, prices fluctuated mainly during the early trading session, and then the US market soared upward, and overall it still did not break the range. From the weekly level, the price suppresses resistance in the 105 area, so from a medium-term perspective, the trend of the US dollar index will be more bearish. At the daily level, the price is suppressed at the resistance level of the 102.20 area, so the short position is based on the band's thinking. Watch it for four hours in the short termThe 99.80 area is the middle position of the short-term oscillation range of the US Index. Pay attention to the resistance of the 100.60 area above and the support of the 99 area below. The subsequent range will be treated as oscillation before the breaking range, and follow after the breaking position. At the same time, the 99.80 position is a part of the watershed within the oscillation range.
The US index focused on the 99-100.60 range oscillation. 99.80 is the watershed between the strength and weakness of the range
Gold
In terms of gold, the gold price overall showed an upward trend on Tuesday. The price rose to the highest point on the day, and the lowest point fell to the 3209.86 position, and closed at 3229.23 position. In response to the price continued to rise during the early trading session on Tuesday, the European session was adjusted, but it was still above the four-hour support. At the same time, the US market fluctuated and rose, and finally the big positive ended. From the weekly level, gold prices are supported by the support level in the 2960 area. So from a mid-term perspective, we can continue to maintain a bullish view. From the daily level, the current price is supported by the 3127 region and continues to look bullish from the perspective of the band. Gold closed positive again after a single negative correction as scheduled. For the short-term four-hour price is supported at the 3229 position, the price is still relatively high in the short term. At the same time, today's Wednesday morning session surged and hit a record high. Then, you can continue to look at the rise based on the early trading lows. Pay attention to the 3270-3300 area above.
Gold has a long range of 3239-3240, with a defense of 10 US dollars, and a target of 3270-3300
European and the United States
European and the United States, prices in Europe and the United States were generally down on Tuesday. The price fell to 1.1263 on the day and rose to 1.1378 on the highest, closing at 1.1280 on the market. Looking back at the performance of European and American markets on Tuesday, the opening price in the morning was under pressure and fell in the short term. Then, after testing the US high point on the day before the European session, the US market continued to be weak, and the daily line ended with a big negative. From the perspective of monthly line level, Europe and the United States are supported at 1.0770, so long-term bulls are treated. From the weekly level, the price is supported by the 1.0730 area, and continue to look bullish from the perspective of the midline. From the daily level, the price is supported by the 1.1040 region, so the band is treated with the same bullish idea. From the short-term four-hour level, the current 1.1330 position is the key resistance position, and there is a further increase in one hour, so we will pay attention to the gains and losses of the four-hour resistance for the time being. Since the overall bulls are generally, the decline is a drawdown, so beware of the price breaking through the four-hour resistance and exerting force again.
Europe and the United States pay attention to the gains and losses of the 1.1330 position, and then break through and follow the break.
[Finance data and events that are focused on today] Wednesday, April 16, 2025
①07:10 Federal Reserve Director Lisa Cook delivered a speech
②09:30 Monthly report on residential price in 70 large and medium-sized cities in China
③10:00 China's total retail sales of consumer goods in March year-on-year
④10:00 China's scale in March The above industrial added value year-on-year
⑤10:00 China's first quarter GDP annual rate
⑥14:00 UK March CPI monthly rate
⑦14:00 UK March retail price index monthly rate
⑧16:00 Eurozone February seasonally adjusted current account
⑨17:00 Eurozone March CPI annual rate final value
⑩17:00 Eurozone March CPI monthly rate initial value
< p>20:00 WTO releases global trade outlook report20:30 US retail sales monthly rate in March
21:15 US industrial output monthly rate in March
21:45 Bank of Canada announced interest rate resolution
22:00 US April NAHB real estate market index
22:00 US February xmserving.commercial inventory monthly rate
22:30 US to April 11 E IA crude oil inventories
22:30 EIA Cushing crude oil inventories in the week from the United States to April 11
22:30 EIA strategic oil reserve inventories in the week from the United States to April 11
22:30 Bank of Canada Governor McClum held a press conference
Note: The above is only personal opinions and strategies, for review and exchange 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 placing an order.
The above content is all about "[XM Group]: Gold single negative hits a new high after correction, Europe and the United States are expected to make efforts again". It was carefully xmserving.compiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
After doing something, there will always be experience and lessons. In order to facilitate future work, we must analyze, study, summarize and concentrate the experience and lessons of previous work, and raise it to the theoretical level to understand it.
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here
CATEGORIES
News
- 【XM Market Analysis】--GBP/USD Forex Signal: Cable Roars Higher in Early Trading
- 【XM Market Analysis】--USD/ZAR Forecast: US Dollar Continues to Rally Against Sou
- 【XM Market Analysis】--USD/MYR Forex Signal: Poised for Breakout
- 【XM Group】--Silver Forecast: Surges Higher
- 【XM Group】--AUD/USD Forex Signal: Pullback Likely Ahead of ADP Jobs Data