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Gold suppresses the daily 618 retracement level in the short term, and Europe and the United States pay attention to the trend and breaks offline
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Gold suppresses the daily 618 retracement level in the short term, and Europe and the United States pay attention to the trend breaking offline." 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 last Friday. The price of the US dollar index rose to 97.951 at the highest point on the day, and fell to 97.515 at the lowest point, and finally closed at 97.828. Looking back at the market performance last Friday, during the early trading session, the price rose rapidly based on four-hour support, but then it continued to fluctuate after approaching the high point of last Thursday. Neither the European and American markets broke through upwards, but in the end the daily line still ended with a big positive, and the weekly line also ended with a big positive. The price is currently looking at the bulls on the daily support and four-hour support.
From a multi-cycle analysis, the price is suppressed in the 98.90 area of resistance, so from a medium-term perspective, the trend of the US dollar index will be more bearish. At the daily level, the key price support position is at 97.30 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. In the four-hour period, 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 97.70. The price continues to be more treated above this position. Looking at the one-hour front, the short-term price is currently downward. First, pay attention to the four-hour support in the short term. The overall price will remain unchanged above the daily and four-hour support. We will pay attention to the test weekly resistance area in the future.
The US index has a long range of 97.60-70, defense is 91.20, target is 98.10-98.40-98.90
Gold
In terms of gold, the overall price of gold showed an upward trend last Friday, with the highest price rising to 3368.57 on the same day, falling to 3321.7 on the lowest price, closing at 3357.3 on the market. In response to the direct support of gold during the early trading session last Friday, the price continued to rise strongly, and the price broke through the previous week's high point in the US session, and finally the weekly line ended. Currently, the 3373 area is 618 position where 3451.11 falls to 3246 retracement. The 618 position is a position where you would rather make mistakes than operate. Before the short term, you should first look at the pressure before breaking through. In the future, you will pay attention to the gains and losses of the four-hour support, and temporarily treat it according to the right-hand trading method.
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 3322. The subsequent weekly closing of the weekly price will be further under pressure at this position, otherwise it will still fluctuate at a high level. According to the daily level, the price broke through the daily resistance position last Friday, so the band is currently in a relatively long position, but from the Fibonacci pullback line, the 3373 position happens to be the 618 position of the 3451.11 position fell to the 3246.25 position and the 3246.25 position retracement, so this position needs to pay attention to the pressure first. Only after a further breakthrough will the current daily watershed in the 3327 area be continued. According to the four-hour level, the price stabilized in the four-hour resistance position last Thursday and is currently running above the four-hour support. Four hours is the key to the short-term trend. From the perspective of position, the key support for the four-hour position is 3335. The price is relatively long above this position in the short term, and it will only be under pressure after further breaking. The first hour of the morning session was directly open high, mainly due to the influence of the news. It is now filled with the gap again. During the morning session, it is prompted that the area of 3370 is short. We need to pay attention to the gains and losses of 3350 in the future. Once it breaks down, it is expected to further test the four-hour support. It is key to observe whether it can continue after the price reaches the four-hour support.
Gold 3370 is short in the area, with a defense of US$10, and a target of 3350-3335-3327-3322
European and the United States
European and the United States, prices in Europe and the United States were generally downward last Friday. The price fell to 1.1664 on the day and rose to 1.1713 on the spot and closed at 1.1691 on the spot. Looking back at the performance of European and American markets last Friday, prices fell in the short term during the early trading session, and then stopped after testing to the low point last Thursday. The European and American markets remained fluctuating between the high and low points of the morning session, and finally the weekly high and negative state ended.
From a multi-cycle analysis, from the monthly level, Europe and the United States are supported at 1.0950, so long-term bull pairsWhen the moon line ends with a big sun, there will still be more in the long term. From the weekly level, the price is supported by the 1.1460 area, and continues to be bullish 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 1.1730 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, we need to pay attention to the 1.1700 regional resistance, and the price is short-term short-term. At the same time, according to the one-hour level, the current price fluctuates and falls in the short term, so the price can be under pressure temporarily in the four-hour and daily resistance. After the subsequent breaks the previous upward trend line, pay attention to further acceleration.
Europe and the United States have a range of 1.1700-10, with a defense of 50 points, and a target of 1.0640-1.0550
[Finance data and events that are focused today] Monday, July 14, 2025
① To be determined Trump issued a statement on the Russian issue
② To be determined China's June trade account
③15:00 State Information Office held a press conference
④20:30 Canada's May Wholesale Sales Monthly Rate
Note: The above is only personal opinions and strategies, 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 Foreign Exchange Platform]: Gold suppresses the daily 618 retracement level in the short term, Europe and the United States pay attention to the trend breaking offline". It is carefully www.xmhouses.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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