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market analysis
Gold oscillates and pays attention to trend line resistance, while European and American daily resistance is suppressed
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: Gold oscillates and pays attention to trend line resistance, while European and American daily line resistance suppresses". 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 98.647 at the highest point on the day, and fell to 98.067 at the lowest point, and finally closed at 98.466. Looking back at the market performance last Friday, the price fell under pressure in the early trading first, and then the price maintained a weak downward adjustment. After a slight decline after the US session, it rose again, but in the end, the negative line still ended. For the current US index maintains its weekly resistance and daily support range, it will continue to exert force after the subsequent break.
From a multi-cycle analysis, the price is suppressed in the 98.90 area resistance at the weekly level. From a medium-term perspective, the trend of the US dollar index will be more bearish, but it is key to pay attention to whether it can break up in the future. At the daily level, the price has broken through the daily resistance in the early stage, so the daily resistance has become subsequent support. Over time, the key price support position is at 97.80, and the price can continue to be treated more than the band above this position. From the four-hour perspective, the previous price rose as the author said after touching the channel line. After falling below the four-hour support last Friday, it is currently operating in the daily support and weekly resistance range. The short-term position of 98.50 is the watershed between the oscillation. According to the one-hour level, the current price overall tends to correct downward first, so before breaking up in four hours, it is time to look at the pressure, pay attention to the subsequent test and then rise again after fluctuating the lower edge area.
The US dollar index oscillates between 97.50-98.90, and the middle part is dividedThe watershed was 98.50
Overall, there was a large area of 97.80, with a defense of US$5, and a target of 98.50-98.90 (continued after the breakthrough)
Gold
In terms of gold, the overall price of gold showed an overall rise on Friday. The price rose to 3361.1 on the day, fell to 3331.67 on the lowest point, and closed at 3350.44 on the day. In response to the price of gold fluctuating first during the early trading session last Friday, then tested the four-hour support and daily support before stopping to rise. At the same time, the upward correction of the high point area is also an important resistance we emphasize. It will adjust downward during the overnight period, and the daily positive ends. In view of the current situation, the overall fluctuation will still be maintained and will only exert force after the oscillation ends and breaks.
From multi-cycle analysis, first observe the monthly rhythm. The price runs 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, so you still need to be cautious when dealing with the majority. From the weekly level, prices on the weekly line have continued to fluctuate at high levels recently. As time goes by, the weekly watershed is temporarily at 3320. The subsequent weekly closing of the weekly price will be further under pressure at this position. According to the daily level, the price last week was running above the daily support position. Although the price fell back many times, it did not break down in the end. Currently, the price is above the daily support 3335. It is temporarily concerned about the long oscillation, and it will continue after the price breaks down. According to the four-hour level, gold broke through the four-hour resistance last Thursday, and rose on Friday with four-hour support. It is currently supporting at 3345 at the four-hour position, and the price is relatively large above this position. At the same time, according to the one-hour level, the current price is also inclined to fluctuate and rise. The above will follow the regional resistance of 3366 and 3377. It is key to pay attention to whether the price can be further under pressure after it is in place.
Gold's 3320-3377 range fluctuated, and waited for the 3366-3377 range to appear in the reverse K shortcoming
European and the United States
European and the United States, the prices of Europe and the United States overall showed an upward trend last Friday. The price fell to 1.1586 on the day and rose to 1.1671 on the spot and closed at 1.1621 on the spot. Looking back at the performance of European and American markets last Friday, the price gained support in the early trading period and rose directly, and then the price broke through the four-hour resistance position upward, continuing to rise after the breakthrough, and finally the positive line closed on the day. Overall, the price is suppressed by daily resistance, and the price fluctuates and treats it shortly before it breaks.
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 big positive, so long-term bullishness is still relatively large. From the weekly level, the price is supported by the support of the 1.1470 area, and from the perspective of the mid-line, the price decline is temporarily treated as a correction in the mid-line rise. From the daily level, the price fell below the daily level in the previous periodLine support, the current price is suppressed below the daily resistance. As time goes by, it is temporarily necessary to focus on the range of 1.1680-90, and the price is short-term at this position. From the four-hour level, we need to pay attention to the 1.1610 regional support. After the price breaks through last week, this position becomes a key support. Be careful not to test the daily resistance upward again before breaking down. The price fluctuates short-term and bearish in one hour, so wait for the upward rebound to the daily resistance area before looking at the suppression.
Europe and the United States have a short range of 1.1680-90, defense is 50 points, target 1.1570-1.1540
[Finance data and events that are focused today] Monday, July 21, 2025
①22:00 US June Consulting Chamber of eouu.cnmerce Leading Index Monthly Rate
Note: The above is only personal opinion and strategy, for reference and eouu.cnmunication 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 Foreign Exchange Market Review]: Gold oscillations focus on trend line resistance, European and American daily resistance suppressed", which is carefully eouu.cnpiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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