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Before gold breaks through, beware of high fluctuations, Europe and the United States pay attention to weekly support gains and losses
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Hello everyone, today XM Foreign Exchange will bring you "[XM Official Website]: Before gold breaks through, you need to be careful of high-level fluctuations, and Europe and the United States 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 last Friday. The price of the US dollar index rose to 97.788 on the day, and fell to 97.244 on the lowest, and finally closed at 97.645. Looking back at the market performance last Friday, the price fluctuated mainly in the early trading period. Since the price was above the four-hour support, the price is still relatively high, so the price continued to rise again in the market on Friday and finally ended in the big positive state.
From a multi-cycle analysis, the weekly level has recently been a key consolidation in the weekly line. Currently, the weekly resistance is in the 97.80 area. It is important to pay attention to whether this position can stand firm this week. Once it stands firm, the medium-term bulls will continue. From the daily level, as time goes by, the daily line is currently supporting the 97.50 area, and the price is currently breaking. Following the support at this position, it will further look at the rise. From the four-hour perspective, the four-hour resistance broke through the overnight period last Wednesday, and then the price rose based on the four-hour support. Currently, the four-hour support is at 97.50. The price is currently bullish above this position, and the subsequent focus is on the actual stability of weekly resistance. Prices fluctuate and rise in the short term one hour. Currently, the focus is on the support in the 97.50-60 range, and once the weekly resistance is broken, it will continue to continue.
The US dollar index has a long range of 97.50-60, with a defense of 5 US dollars, and a target of 97.80-98.10-98.60
Gold
In terms of gold, the price of gold generally showed an upward trend last Friday, with the highest price rising to 3685.09 on the day, falling to 3632.15 on the lowest, closing at 3684.58 on the spot. In response to the fluctuation and rise of gold prices on Friday last day, the resistance of the intraday price fell slightly from the two tests to the four-hour period. However, we observe that the price has been positive for four hours, so the US market should be careful not to break through the four-hour resistance again. After that, the US market also rose as expected, and finally the big positive state ended. Focus on the gains and losses of the previous historical highs.
From a multi-cycle analysis, first observe the monthly rhythm. The monthly price ended in August. Overall, the price is still running bullishly. From the long-term perspective, the 3000 position is the watershed of the long-term trend. The price can be treated more on the long-term. From the weekly level, the price has broken through key resistance after recent continuous fluctuations and has continued to hit a new historical high. Currently, the weekly long and short watershed is at 3441. The price is above this position and the medium line can be treated more. From the daily level, we need to pay attention to the 3637 regional support for the time being, and the band above this position should be treated more frequently. From a four-hour perspective, last Friday, the price broke through the four-hour resistance, so the short-term price was relatively high, but the market currently fluctuated in the 3627-3707 range, so you should be cautious before breaking through the previous historical high. The 3665 position below is the short-term trend watershed. The price is up for one hour and the bulls are not at the moment, and the low point in the morning is the key. Therefore, in the short term, we should first pay attention to the gains and losses of the early trading low point and the previous historical high range. Only by breaking this area will it continue. Therefore, we should look at more and move less at present, and wait until the price breaks the area and continue.
The gold small range is 3707-3683, and the large range is 3627-3707.
Be careful of price fluctuations before breaking through the previous high. Only after breaking through you will continue
European and the United States
European and the United States, prices in Europe and the United States were generally downward last Friday. The price fell to 1.1728 on the day, and rose to 1.1792 on the high, closing at 1.1742 on the market. Looking back at the performance of European and American markets last Friday, the price fell again after a short-term fluctuation in the early trading period. After that, the price maintained the short-term support area and finally tested it to the daily support area. Both the daily and weekly lines ended in a big negative way. Short-term markets also need to be repeated before falling below the weekly line 1700.
From a multi-cycle analysis, from the monthly level, Europe and the United States are supported by 1.1060, so the price is treated with long-term bulls above this position. From the weekly level, the price is supported by the 1.1700 area. This position is the long-shoulder watershed of the medium-term trend. Currently, there is a performance that breaks the weekly support.So focus on the subsequent focus. From the daily level, the current daily resistance at 1.1740 over time is currently at the 1.1740 position, which serves as a key watershed in the band trend. At the same time, according to the four-hour level, as time goes by, the current four-hour resistance is at the 1.1760-70 range, and the price is short-term short-term. In xn--xm-6d1dw86k.combination with the current focus on the weekly support 1.1700 and the four-hour resistance 1.1770 range, the price will further continue after breaking the range.
Europe and the United States have a range of 1.1760-70, defense is 40 points, target 1.1740-1.1700
[Finance data and events that are focused today] Monday, September 22, 2025
①09:00 China to September 22, one-year loan market quotation rate
②09:00 RBA Chairman Brock testified and stated
③15:00 State Information Office held a press conference
④21:45 Federal Reserve Williams delivered a speech
⑤22:00 Eurozone September consumers Initial Value of the Confidence Index
⑥22:00 Federal Reserve Mousalem delivered a speech
⑦00:00 the next day Fed Hamak made a speech on the US economy
⑧00:00 the next day Fed Barkin made a speech on the economic situation
⑨02:00 the next day Bank of England Governor Bailey made a speech
⑩02:30 the next day New York crude oil October futures xn--xm-6d1dw86k.completed its final on-site transaction
Note: The above is only personal opinion and strategy, for reference and xn--xm-6d1dw86k.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 official website]: Before gold breaks through, you need to be careful of high fluctuations, and Europe and the United States pay attention to weekly support gains and losses". It is carefully xn--xm-6d1dw86k.compiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
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