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Gold needs to pay attention to risks in the short term, and Europe and the United States will retrace the daily resistance
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: Gold needs to pay attention to risks in the short term, and Europe and the United States will step back on the daily resistance." 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 98.484 on the day, and fell to 97.673 on the lowest, and finally closed at 97.82. Looking back at the market performance on Monday, the price was under pressure in the short term during the early trading session first, and we also reminded that the price only looks at pressure at this position, and focus on daily support in the future. As expected, the price was under pressure in the day and tested to the daily support as scheduled, and the daily support continued to rise in the future. Currently, it is a second pullback after breaking the daily line support.
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. As time goes by, the key price support position is at 97.70-80. Overall, it is a secondary step back after breaking through the daily line and stabilizing. Therefore, the price can continue to treat more bands above this position. From the four-hour perspective, the early price is as stated by the author to support it after touching the channel line. After falling below the four-hour support last Friday, it is currently under short-term pressure. As time goes by, the current four-hour resistance is at 98.20. The focus will be on whether this position can continue to stand firm. Once it stands firm, it will continue to continue to rise. From the one-hour level, the price is a second return after breaking the previous downward trend line.The position you are stepping on is currently rising in the short term, so you can pay attention to the daily support and look at the rise. After breaking through the four-hour resistance, you will continue to pay attention to the gains and losses of weekly resistance.
The US dollar index has a large area of 97.70-80, with a defense of 5 US dollars, and a target of 98.20-98.90
Gold
In terms of gold, the overall price of gold showed an overall rise as scheduled on Monday. The price rose to 3401.35 on the day, and fell to 3344.83 on the lowest point, and closed at 3396.85 on the day. In response to the price of gold directly gaining support during the early trading session on Monday, it further rose, and then tested resistance near the trend line, but the price was not under pressure. The hourly K-line single negative correction was corrected, and the rest were positive lines, which meant that the price fell weakly. After the US session, the price accelerated again and finally ended with a big positive.
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 3325. The price is relatively large above this position. The subsequent weekly closing of the weekly line will be further under pressure at this position. The market is still maintaining high fluctuations. 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 3342. It is temporarily concerned about the long oscillation, and it will continue after the price breaks down. According to the four-hour level, the price will continue to rise above the four-hour support on Monday, but it will still be relatively long in the short term. Currently, the four-hour support is supported in the 3363 area. At the same time, the upper resistance focuses on the high-point connection resistance area of 3415. From the one-hour level, the price has further corrected its performance in the short term, but considering the daily closing, beware of the price falling around 3415.
Gold is short in the range of 3315-18, with a defense of 10 US dollars, and a target of 3390-3370
It is long before the four-hour support 3362, and after the break, it will be adjusted in time to be bearish
European and the United States
European and the United States, the prices of Europe and the United States were generally on the rise on Monday. The price fell to 1.1614 on the day and rose to 1.1716 on the highest, closing at 1.1691 on the market. Looking back at the performance of European and American markets on Monday, the price rose further in the short term based on four-hour support during the early trading session. Then, as the author said, the test was eouu.cnpleted after the daily resistance was stopped, and the price ended on the same day. For the subsequent needs to pay attention to the daily resistance pressure performance.
From the multi-cycle analysis, from the monthly level, Europe and the United States are supportedAt 1.0950, the long-term bullish treatment will be treated with a long-term bullish ending, and the monthly line will still be more frequent in the long-term. 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 support in the early stage, so the current price was suppressed and running below the daily resistance. As time goes by, it is temporarily necessary to focus on the 1.1680-90 range. After breaking down in the early stage, it is currently retracement for the second time, and the subsequent focus is on further pressure performance. From the four-hour level, we need to pay attention to the 1.1650 regional support. We will further break down for the subsequent focus. After breaking down, we will continue to bear pressure. Looking at the price in one hour, there is currently further pressure, so yesterday's short holdings with ideas, but if there is no layout, you can still lay out.
Europe and the United States have a short range of 1.1690-1.1700, defense is 50 points, target 1.1620-1.1570
[Finance data and events that are focused today] Tuesday, July 22, 2025
①09:30 RBA releases minutes of July monetary policy meeting
②15:00 State Information Office held a press conference on foreign exchange receipts and expenditure data in the first half of the year
③17:15 Bank of England Governor Bailey and other officials delivered speeches
④20:30 Federal Reserve Chairman Powell Er delivered a welcome speech at a regulatory meeting
⑤22:00 US July Richmond Fed Manufacturing Index
⑥The next day, Fed Director Bowman presided over the fireside conversation
⑦The next day, 02:30 New York crude oil futures eouu.cnpleted the last on-site transaction
⑧The next day, 04:30 US to July 18 API crude oil inventories
Note: The above is only personal opinions and strategies, for review and exchange 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.
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