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Gold is under pressure as scheduled, Europe and the United States first pay attention to weekly support gains and losses
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: Gold is under pressure and decline as scheduled, Europe and the United States first pay attention to weekly support gains and losses." 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 Tuesday. The price of the US dollar index rose to 98.296 on the day, and fell to 97.913 at the lowest, and finally closed at 98.251. Looking back at the market performance on Tuesday, the price first hit weekly resistance during the early trading session and then corrected the pressure, and then reached the four-hour support below to gain support again. As the market overall broke through and stood firm in the daily and weekly resistance performance, the price strongly hit weekly and daily resistance in the evening, and the daily line ended with a big positive end. We need to pay attention to further continuation in the future.
From a multi-cycle analysis, the weekly level has recently been supported by the weekly support up and down. This week, the focus is on the 98.30 position to stabilize. Once it stands firm, the medium-term bulls will continue to rise. At the daily level, last week, the price suppressed the daily resistance position and continued to fluctuate below the daily resistance position. Currently, the daily resistance is at 98.20. The price is more xmltrust.commonly treated with the band above this position. From the four-hour perspective, the four-hour perspective is the key to our emphasis on short-term price trends. After the price rose on Monday, it continued to rise based on the four-hour support yesterday. Currently, the four-hour support is in the 98.10 area, and the price is more treated above this position. Based on the multi-cycle view, the price will continue to pay attention to the upward trend in the range of 98.10-30, and the subsequent focus will be on further continuation of bulls.
The US dollar index has a long range of 98.15-25, with a defense of 5 US dollars, and a target of 98.60-99
Gold
In terms of gold, the overall gold price on Tuesday wasIn the current decline, the price rose to the highest level of 3345.2 on the day, fell to the lowest level of 3314.79 on the spot, and closed at 3315.46 on the spot. In response to the price of gold during the early trading session on Tuesday, the price continued to be on Monday's early trading pace. The price broke down the low point of the previous day and rebounded upward. After the European session, the price fell again, and the US session continued to be weak to the close, and the daily level of the negative ended. The shortage given to everyone on Monday is under pressure as expected, and follow-up attention will continue further.
From multi-cycle analysis, first observe the monthly line rhythm. The price will run 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 need to pay attention to the gains and losses of the monthly line high and low points, the price will continue to be under pressure after the price breaks the monthly line low point. From the weekly level, the price on the weekly line has been fluctuating in two negative and two positive recent times. Last week was the first week of decline, and this week continues to pay attention to pressure. The weekly long-short watershed position is at 3345. From the daily level, the current daily resistance is at 3355, and the overall daily line is currently bearish, so it continues to be laid out at high altitudes. Four hours is the key to the short-term trend. In the past two days, the price has pierced the four-hour resistance and then under pressure. The time point begins to bear pressure in the European session, so we will pay attention to the European session time point in the future. At the same time, the current four-hour resistance is around 3330. We will pay attention to the pressure in this area in the future. The price in the first hour is down from the previous day's low point again in the morning session. The current rebound is focused on the early trading high point. Once the price breaks through, it will continue to pay attention to the pressure near the four-hour resistance. The time point will be timely to continue to pay attention to the European session period, focusing on the weak pressure in the US session, and pay attention to the 3310-3290-3280-3250 area below.
Gold 3330-31 is short in the area, with a defense of US$10, and a target of 3310-3290-3280-3250
Europe and the United States
Europe and the United States
Europe and the United States generally showed a decline on Tuesday. The price fell to 1.1638 on the day and rose to 1.1692 on the spot and closed at 1.1646 on the spot. Looking back on the performance of European and American markets on Tuesday, the price fluctuated in the short term in the early trading and then tested the four-hour resistance again. When it hit the four-hour resistance, it fell again. The daily line ended with a big negative. We will pay attention to further pressure from Europe and the United States in the future.
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, and the monthly line ends with a large negative end. Therefore, when you are bullish, you need to pay attention to market adjustments. From the weekly level, the price is supported by the support of the 1.1590 area, and from the perspective of the mid-line, the price decline is temporarily treated as a correction in the mid-line rise. At the same time, it is necessary to pay attention to further retracement in the near future and pay attention to whether it can break down. From the daily level, the daily line is currently supported at 1.1630 as time goes by. This position has been punctured. Follow-up attention is paid to the actual closing below this position.According to the four-hour level, the price continues to be under pressure after falling below the four-hour resistance at the beginning of the week. At the position, the price is temporarily focused on the resistance range of 1.1650-60, so the price can be under pressure under the four-hour resistance. In the first hour, the European session fell to the previous day's low again. If the price is extremely weak, the early trading high will continue to be suppressed. Otherwise, conservatives will continue to pay attention to the four-hour resistance suppression, and the 1.1590-1.1530 area below.
Europe and the United States have a short range of 1.1650-60, defense is 40 points, target 1.1590-1.1530
[Finance data and events that are focused today] Wednesday, August 20, 2025
①09:00 China to August 20, one-year loan market quotation rate
②10:00 New Zealand Fed announces interest rate resolution
③1 1:00 New Zealand Fed Chairman Orr held a press conference
④14:00 Germany July PPI monthly rate
⑤14:00 UK July CPI monthly rate
⑥14:00 UK July retail price index monthly rate
⑦15:10 European Central Bank President Lagarde attended the conference
⑧17:00 Eurozone July CPI annual rate final value
< p>⑨17:00 Eurozone July CPI monthly rate final value⑩22:30 EIA crude oil inventories in the week from the United States to August 15
22:30 EIA Cushing crude oil inventories in the week from the United States to August 15
22:30 EIA strategic oil reserve inventories in the week from the United States to August 15
23:00 Fed Director Waller delivered a speech at the blockchain seminar on the blockchain
The next day, the Federal Reserve announced the minutes of the monetary policy meeting
The next day, the New York crude oil futures xmltrust.completed the last on-site transaction in September
The next day, the Federal Reserve Bostic delivered a speech on the economic outlook
Note: The above is only personal opinions and strategies, for reference and xmltrust.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 placing an order.
The above content is all about "[XM Foreign Exchange Market Review]: Gold is under pressure and decline as scheduled, Europe and the United States first pay attention to weekly support gains and losses". It was carefully xmltrust.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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