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market analysis
Gold daily line weekly resistance resonates, Europe and the United States will not chase high for the short term
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: The daily weekly resistance of gold is resonant, and the short-term European and American markets will not chase highs for the time being." 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 last Friday. The price of the US dollar index rose to 98.205 on the day, and fell to 97.697 at the lowest point, and finally closed at 97.827. Looking back at the market performance last Friday, the price fell directly during the early trading session, and the price weakness continued after that, but overall it did not break the low point of the week. From the current perspective, whether the upper daily and weekly resistance can continue to break up is the key.
From a multi-cycle analysis, the price breaks through the weekly resistance last week, and then breaks the weekly support again last week. Recently, the price consolidates up and down on the weekly support. This week, the key is to focus on whether the 98.30 position can stand firm. At the daily level, the price did not stabilize the daily resistance in the market last week, but the daily price has shown further growth at present, so the focus will be on the daily resistance of 98.50 in the future. Once it breaks through, it is expected to soar again in the future. From the four-hour perspective, the four-hour trend is the key to our long-term price trend. Currently, the four-hour resistance is at 97.90, and the price fluctuates in the short term, but it is still paying attention to the continued rise before the subsequent low. From the one-hour level, the current price has shown strong growth. Pay attention to the 98.30-98.50 area above, and the breakthrough will accelerate.
The US dollar index has a long range of 97.70-80, with a defense of 5 US dollars, and a target of 98.30-98.50
Gold
In terms of gold, the overall gold price fluctuated on TuesdayThe price rose to 3348.64 on the day, and fell to 3332.09 on the lowest, closing at 3335.81 on the market. In response to the price of gold rebounded upward during the early trading session last Friday, then tested the daily resistance and then under pressure, and finally the daily negative ended. At present, gold is short-term daily and weekly resistance suppression.
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 3350, 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. Currently, the four-hour resistance is at 3350. In the first test, we need to pay attention to the continued pressure, but we need to pay attention to the issue of pressure. Considering that the weekly daily line and the four-hour resistance are both in this area, we should look at the pressure before breaking through, and even if it breaks through, it will surge and fall. There is currently a divergence in the price in one hour, so we need to pay attention to the short-term adjustment and oscillation of the market and wait for the fluctuation to be further under pressure.
Gold 3348-49 has a short area, defense is 3360, target is 3330-3300-3280
Europe and the United States
In terms of Europe and the United States, prices in Europe and the United States generally showed an upward trend last Friday. The price fell to the lowest point of the day to 1.1645, and rose to the highest point of 1.1715, closing at 1.1702. Looking back at the performance of European and American markets last Friday, the price of the early trading directly received support and rose further, and it was strong to the close of the day, and the daily line ended with a big positive end.
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 the 1.1610 position over time. This position is the key to the band trend. Pay attention to the gains and losses of this position in the future. From the four-hour level, the price is currently consolidating at 1.1680 in four hours, and the subsequent price will continue to break down, so do not chase long for the time being. The price will be further under pressure in one hour, so today's short-term trend will not break the previous week's high, first look at the pressure correction, and below will focus on the 1.1650-1.1610 area.
Europe and the United States have a short range of 1.1710-20, defense is 40 points, target 1.1650-1.1610
[Finance data and events that are focused today] Thursday, August 18, 2025
①Ukrainian President Zelensky met with US President Trump in Washington
②17:00 Eurozone June seasonal adjustment trade account
③2:00 US August NAHB Real Estate Market Index
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The above content is all about "[XM Foreign Exchange Market Review]: The daily weekly resistance resonance of gold, European and American short-term trends will not chase highs for the time being". It was carefully xmh100.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for your support!
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