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Beware of gold's surge and fall at the end of the week, and the European and American daily lines support change resistance
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Hello everyone, today XM Foreign Exchange will bring you "[XM Official Website]: Beware of rising and falling at the end of the week, and the European and American daily lines support the change 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 an upward trend on Thursday. The price of the US dollar index rose to 97.9 on the day, and fell to 97.244 on the lowest, and finally closed at 97.563. Looking back on Thursday's market performance, the price was first under pressure during the early trading session, and then stopped when it reached the daily support position. The time point was also in the Asian session, and then it fluctuated and rose. With the arrival of the US session, the price rose upward and hit the high point of this week. Although it adjusted slightly overnight, the daily positive line finally ended, and the subsequent price continued to be bullish on the band above yesterday's low.
From a multi-cycle analysis, the price suppresses resistance in the 99 area at the weekly level, so from a medium-term perspective, the trend of the US dollar index will be more bearish. At the daily level, the key price resistance position is at 97.25 as time goes by. The price has actually broken through and stood firm. In the future, the band above this will be treated more frequently. As the author said, the recent price has been supported and risen after touching the channel line. It is currently rising. With the passage of time, it is currently supporting at 97.50 at the position of four hours. The price continues to be more treated above this position. The price soared again in the morning trading one hour, and it was too long in the hour. We will pay attention to further testing the trend line resistance and subsequent upward breaking performance.
The US dollar index has a range of 97.50-60, with a defense of 5 US dollars, and a target of 98.20-98.50
Gold
YellowIn terms of gold, the overall price of gold was rising on Thursday, with the price rising to the highest point of 3330.16 on the day, falling to the lowest point of 3310.04 on the spot, and closing at 3323.76 on the spot. Regarding Thursday's direct rise in gold during the morning session, then the price was tested upward to the daily resistance and trend line resistance range and then stopped, and it fell under pressure in the evening. However, when it reached the four-hour support 3310 position, it stopped, and rose again overnight, and the daily line ended. At present, it is necessary to pay attention to further testing the 3343-3345 area above. It is key to pay attention to whether this position can be further suppressed in the future.
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 3310. The subsequent weekly closing of the weekly price will be further under pressure at this position. According to the daily level, last week's price was under pressure as the author said, as further upward tests on the daily resistance, but today's Friday, the price breaks upward, and it is necessary to pay attention to whether the closing can close above this position in the future. According to the four-hour level, the price stopped after testing it to the 3310 position again yesterday, which means that the short term is not very weak, and the price is still fluctuating. In the future, you need to pay attention to the resistance of the 3343-3345 range. It is key to pay attention to the further pressure after the price reaches this position. If the price rises directly in the morning session in one hour, it will be stronger in the short term, so treat it more frequently for the time being. When the price is tested for the first time and the pressure will be seen first. The subsequent price will not continue after it breaks the 3310-3345 range.
Gold is in a short range of 3343-45, with a defense of 10 US dollars, and a target of 3325-3310-3300
European and the United States
European and the United States, the prices in Europe and the United States were generally down on Thursday. The price fell to 1.1662 at the lowest point on the day, and rose to 1.1749 at the highest point and closed at 1.1699 at the lowest point. Looking back at the performance of European and American markets on Thursday, the price first ran upward during the early trading session, and then fell again and broke the daily support position. Finally, the darkness ended on the day. Currently, Europe and the United States are maintaining a volatile and downward trend.
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 1.1450 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, as time goes by, we need to focus on the 1.1720 position. The price will be further broken down as the author said, and the band below this position will be treated shortly. From the four-hour level, temporaryIt is necessary to pay attention to the 1.1700 area resistance, and the 1.1660 position below is the key support. From the one-hour level, the price currently remains fluctuating and falling, so the operation is treated with fluctuations and declines. For the time being, we will pay attention to the pressure in the 1.1700-20 range, and below, we will pay attention to the gains and losses in the 1.1660 area. Once it breaks down, it will continue further.
Europe and the United States have a short range of 1.1700-10, defense is 50 points, target 1.0660-1.1620
[Finance data and events that are focused today] Friday, July 11, 2025
①14:00 UK May three-month GDP monthly rate
②14:00 UK May manufacturing output monthly rate
③14:00 UK May seasonally adjusted www.xmhouses.commodity trade account
④14:00 UK May industrial output monthly rate
⑤14:45France June CPI final value
⑥15:00Swiss June Consumer Confidence Index
⑦16:00IEA released its monthly crude oil market report
⑧20:30Canada June employed
⑨The next day 01:00The total number of oil drilling rigs in the week from the United States to July 11
Note: The above is only personal opinion and strategy, for reference and www.xmhouses.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 placing an order.
The above content is all about "[XM official website]: Beware of rising and falling at the end of the week, and European and American daily lines support to change resistance". It is carefully www.xmhouses.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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