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Gold's early low is the key to strong trade, and Europe and the United States are volatile
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Hello everyone, today XM Foreign Exchange will bring you "【XM Group】: The early low of gold is the key to strength, and Europe and the United States fluctuates more." 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 97.919 on the day, and fell to 97.391 at the lowest point, and finally closed at 97.423. Looking back at the market performance on Monday, during the early trading period, the price first corrected upward to test the weekly resistance position, and then fell again under pressure, and continued to be weak in the day to close, and the price finally ended in a big negative state.
From a multi-cycle analysis, the price has been consolidating up and down in the weekly level recently. Currently, the weekly resistance is in the 97.90 area, and the price is short-shouldered below this position. The price will only turn long after the subsequent weekly closing above this position. From the daily level, as time goes by, the daily line currently faces resistance in the 98 area, and the price is currently bearish below this position. Recently, the price has consolidated up and down at a key position in the daily line. In terms of operation, you need to pay attention to the four-hour rhythm. From the four-hour perspective, the current four-hour resistance is in the 97.60 area. The price is short at this position. It is short before the price breaks through the four-hour resistance. If it breaks up later, it needs to turn around in time. At present, it is temporarily treated on the right-side trading method.
The US dollar index was short in the range of 97.60-70, defending 5 US dollars, targeting 97
Gold
In terms of gold, the price of gold overall showed an upward trend on Monday, with the highest price rising to 3646.3 on the day, falling to 3579.45 on the lowest, and closing at 3635.61 on the market. For the price of gold during the morning session on MondayThe short-term fluctuated first, then soared to a new high again, and then continued to run strongly during the day, and finally closed in a big positive state. For the current situation, gold is still in strong bulls, and the price remains long without breaking the four-hour support.
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 3400. The price is above this position and the medium line is treated more. From the daily level, we need to pay attention to the 3480 regional support for the time being, and the band above this position should be treated more frequently. From a four-hour perspective, gold has continued to rise based on four-hour support recently. With the passage of time, it is currently supported by the 3610 regional support for four hours. We will continue to pay attention to the rise in this regional support in the future. At the same time, from the one-hour perspective, the price has soared strongly recently, and then the low point in the morning became the key position of strength. The price did not break through this position and maintained a strong soar. Once it broke down, you need to pay attention to the four-hour support area, and pay attention to the 3660-3690 area above the short term.
Gold did not break through 3628 and was strong, and unexpectedly broke down to pay attention to the support of 3600-3610
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States generally showed an upward trend on Monday. The price fell to 1.1703 on the day, and rose to 1.1765 on the highest, closing at 1.17 on the market. Looking back at the performance of European and American markets on Monday, prices fluctuated first during the early trading session, and then rose again, showing a volatile increase in the day, and finally closed in a big positive state.
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 1.1670 area. This position is the long-shoulder watershed in the mid-term trend. After the breakthrough last week, it will be bullish in the medium term based on this area. From the daily level, the current daily resistance is at 1.1680 as time goes by. This position is a key watershed in the band trend, and the price is treated more frequently above this position. At the same time, according to the four-hour level, the rise of the four-hour support in the early trading last Friday was based on the four-hour support. As time goes by, the current four-hour support is currently in the 1.1725-35 area. The subsequent price is expected to continue above this position. Only when the price falls below, it will be under pressure. At present, it can be treated on the right-side trading method.
Europe and the United States have a lot of ranges of 1.1725-35, defense is 40 points, and target is 1.1780-1.1820
【Financial data and events that are focused on today] Tuesday, September 9, 2025
① To be determined Domestic refined oils open a new round of price adjustment window
②14:45 French July industrial output monthly rate
③18:00 US August NFIB Small Business Confidence Index
④22:00 US Bureau of Labor Statistics released the annual benchmark correction data for non-agricultural standards
⑤EIA released the monthly short-term energy outlook report
⑥The next day 01:00 Apple's autumn new product launch conference
⑦The next day 04:30 US to September 5 API crude oil inventories
Note: The above is only personal opinions and strategies, for reference and xmaccount.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 ordering.
The above content is all about "【XM Group】: The low point of gold in the morning is the key to strong strength, and Europe and the United States fluctuate a lot". It is carefully xmaccount.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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