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Gold's high last Friday decided whether it could continue, and the short-term range of Europe and the United States
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: Gold's high last Friday will be determined whether it can continue, and the short-term treatment of Europe and the United States." 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 98.81 on the day, and fell to 97.529 at the lowest, and finally closed at 97.697. Looking back on the market performance last Friday, during the early trading session, the price rose in the short term at the low point of the retreat in the early morning of the previous day, and then hit a high point of the day and was under pressure again. After the opening of the European session, the price continued to be suppressed, and the US session was affected by Powell's speech and prices fell rapidly and finally closed at a low level.
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 98.10 position to stabilize. Once it stands firm, the medium-term bulls will continue to rise. At the daily level, on the daily line, gold prices are currently fluctuating at low levels. Although the current price is below the daily resistance, the overall price still needs to pay attention to the gains and losses of the daily resistance position of 98.10, and the price still needs to pay attention to the performance of standing firm in the future. From the four-hour perspective, the four-hour trend is the key to our emphasis on short-term price trends. Currently, the four-hour resistance is in the 98.20 area. The price should be cautious before it stabilizes in this position, and then pay attention to further continuation after it stabilizes in the future. From an hourly perspective, the market has shown further upward performance after the sharp decline last Friday, so be cautious about the US dollar index's short orders and focus on the performance of further increase in the future.
The US dollar index 98.10-20 is the watershed of long and short
Gold
GoldLast Friday, gold prices generally showed an upward trend. The price rose to 3378.7 on the day, and fell to 3321.33 at the lowest, closing at 3371.7 at the end. In response to the pressure and decline in gold prices in the early trading last Friday, and the European market was also under pressure, but after the US price bottomed out and rebounded, mainly due to Powell's speech, the price was tested upward to near the downward trend line, and finally the daily line ended with a big positive. For the current situation, gold is still in the triangular fluctuation and contraction range. The short-term gains and losses of the high points on Friday last Friday determine whether it can rise and fall.
From multi-cycle analysis, first observe the monthly rhythm, the price has continued to fluctuate at high levels in recent months, so bulls need to be cautious before breaking through the previous high. Currently, the long and short watershed of the monthly line is at 2920. In the short term, the gains and losses of the high and low points of the last month have become the key. From the weekly level, the price on the weekly line has been fluctuating in two negative and two positive fluctuations, but the final closing of the market last week did not close, so we need to pay attention to the performance of the subsequent rhythm. At present, the weekly watershed is at 3350, and the price will only turn short if it closes below this position. From the daily level, the price is currently operating in the triangle oscillation and contraction range. At present, the contraction range is focused on the 3410-3315 range, and the price will only continue after breaking through the range. The current position of 3353 is the watershed of the band trend. From the four-hour perspective, we need to pay attention to the 3350 regional watershed, which is the watershed of short-term trends. On the one-hour basis, the price needs to be adjusted after a sharp rise last Friday, so be cautious to catch up with long before breaking through last Friday's high, focusing on the gains and losses of the multi-cycle resonance support range of 3350-3353.
Gold is generally concerned about the 3315-3410 range, and the short-term focus is on the 3350-3380 range
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
The price fell to 1.1582 on the day and rose to 1.1742 on the spot and closed at 1.1720 on the spot. Looking back at the performance of European and American markets last Friday, prices fluctuated in the short term and then fell under pressure. Then they rose after hitting the low point of the week. After the U.S. price rose sharply and finally ended with a big positive.
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 1.1620 area, which is the long-shoulder watershed in the mid-line trend. From the daily level, the daily line is currently supported at the 1.1660 position over time, which serves as a key watershed in the band trend. According to the four-hour level, the current four-hour resistance is in the 1.1650 area, and the price is more xmhouses.commonly treated above this position. At the same time, the high point on Friday happened to be the downward trend line resistance of the current short-term trend. You need to pay attention to this position in the future.Put gains and losses. After the price has continued to rise last Friday, the price has been revised. Therefore, before the high point on Friday has not exceeded, focus on the pressure correction, and focus on the daily line and four-hour support gains and losses below. Conservatives can wait for the breaking range before following.
Europe and the United States pay attention to the range of 1.1660-1.1740, and follow after breaking the level
[Finance data and events that are focused today] Monday, August 25, 2025
①16:00 Germany's August IFO Business Fed Index
②22:00 The total number of new home sales in the United States in July was annualized
③22:30 US Dallas Fed Business Activity Index in August
④The next day, the Federal Reserve Logan delivered a speech
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