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Gold's early trading lows become key, Europe and the United States will continue to pay attention to pressure
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: The low point of gold in the early trading becomes the key, and Europe and the United States will continue to pay attention to pressure in the future." 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 a downward trend on Monday. The price of the US dollar index rose to 97.798 on the day, and fell to 97.282 at the lowest point, and finally closed at 97.287. Looking back at the market performance on Monday, the price rose continuously in the early trading period first, and then tested the weekly resistance and fell under pressure. Finally, the day's heavy cloud state ended. The key is to pay attention to the subsequent decline and stop turning stronger again.
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 supported in the 97.50 area. We will pay attention to this position to stabilize and rise further. From the four-hour perspective, the four-hour resistance is currently at the 97.50 position, which resonates with the daily resistance. Since the overall direction of the US Index is at a low level and bottoming out, it will pay attention to further rise once it breaks through. We will temporarily pay attention to the support of the 96.80-90 range in one hour, and follow up on testing to see further rises in this area. If you stand firm in advance for four hours, focus on attacking ahead of time, and everyone should pay attention to the market rhythm as a whole.
The US dollar index has a long range of 96.80-90, with a defense of 5 US dollars, and a target of 97.50-97.80-98.10
Gold
In terms of gold, gold prices generally showed an upward trend on Monday.The price rose to the highest level of 3748.67 on the day, and fell to the lowest level of 3683.59 on the spot, closing at 3746.7 on the spot. In view of the strong breakthrough of gold in the early morning session of Monday, the overall operation is strong, and then it will reach the close, and the daily line will close. During the morning session today, it will continue to break through the previous day's high again. However, gold bulls also need to pay attention to risks. First, pay attention to the gains and losses of the early low of 3738. Once it breaks down, you need to pay attention to adjustments. You need to pay attention to harvesting before there is no break.
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 3445. The price is above this position and the medium line is treated more. From the daily level, we need to pay attention to the 3655 regional support for the time being, and the band above this position is treated more often. From the four-hour perspective, the price broke through the four-hour resistance last Friday. At present, we need to pay attention to the support of the 3706-3710 range, so the short-term price is relatively high. In the morning session, gold broke through the previous day's high again with a strong slash in the first hour, but there is an adjustment performance for the current one hour, so we should pay attention to the gains and losses of the early trading lows. Once it breaks down, we need to pay attention to the adjustment test's four-hour support position. We should be cautious before breaking down.
Gold pays attention to the gains and losses of the early trading low of 3738. Once it breaks down, it needs to pay attention to adjustments
European and the United States
European and the United States, the prices of Europe and the United States generally showed an upward trend on Monday. The price fell to 1.1725 on the day and rose to 1.1802 on the spot, closing at 1.1801 on the spot. Looking back at the performance of European and American markets on Monday, the price continued to decline in the short term during the early trading session, and then rose and broke through to continue to rise. The price finally closed at a high level on the same day, and the daily line ended with a big positive.
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 support of the 1.1700 area. This position is the long-shoulder watershed of the medium-term trend. Currently, there is a performance of breaking the weekly support, so the focus will be on the subsequent focus. From the daily level, the daily line is currently supported at the 1.1755 position over time, 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 support is in the range of 1.1760-70. It will continue to be seen after the subsequent break. In the morning session, the morning session was up and broke the previous day's high again. In the short term, we pay attention to adjustments and continue to bear pressure. In the position, we pay attention to the resistance in the range of 1.1840-50 to see the pressure, or after the price breaks down four hours of support, we look at the pressure, belowContinue to pay attention to the weekly support position 1.1700 and subsequent performance of downward breaking.
Europe and the United States have a short range of 1.17840-50, defense is 40 points, target 1.1760-1.1700 (if it falls below the four-hour support first, you can look at the pressure in advance)
[Finance data and events that are focused today] Tuesday, September 23, 2025
①To be determined Domestic refined oils open a new round of price adjustment window
②15:15 France's September Manufacturing PMI Initial value
③15:30 Germany's September manufacturing PMI initial value
④16:00 Eurozone's September manufacturing PMI initial value
⑤16:30 UK's September manufacturing PMI initial value
⑥16:30 UK's September service PMI initial value
⑦18:00 UK's September CBI industrial order difference
⑧20:30 US second quarter Current Account
⑨21:00 Fed Director Bowman delivered a speech on the economic outlook
⑩21:45 US S&P Global Manufacturing PMI in September
21:45 US S&P Global Services PMI in September
22:00 US Richmond Fed Manufacturing Index in September
22:00 US Fed Bostic spoke on the economic outlook
22:00 US p>
Federal Chairman Powell delivered a speech on the economic outlook at 00:35 the next day
Bank of Canada Governor McClum delivered a speech
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