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The daily gold line 618 fell under pressure as scheduled, while Europe and the United States remained unchanged
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Analysis]: The daily gold line 618 is under pressure and decline as scheduled, while the European and American fluctuations and declines remain unchanged." 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 Monday. The price of the US dollar index rose to 98.112 on the day, and fell to 97.737 at the lowest, and finally closed at 98.088. Looking back at the market performance on Monday, the price first opened high during the early trading session, and then adjusted slightly again to test the four-hour support and stopped rising around the rise, showing a volatile rise overall. In the end, the price ended with a big positive end, and the US dollar index continued to see the bulls continue in the future.
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 97.90. 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 dollar index has a long range of 97.80-90, with a defense of 5 US dollars and a target of 98.30-98.90
Gold
In terms of gold, the overall gold price on Monday showed a downward trend, with the highest price rising to 3 on the day.The 374.85 position fell to 3340.89 position and closed at 3343.19 position. Regarding the price of gold opened higher during the morning session on Monday, and then reached the 618 position of the daily decline and retreated. Then, as the author said, it fell further and stopped after testing it to the four-hour support position. The price ended on the same day with a big negative price. In the short term, you need to pay attention to the gains and losses of the four-hour support.
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 3320-3322. 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. Yesterday, the price stopped falling at the 618 position of the decline and retracement as expected, and finally the daily line ended in a big negative position. In the future, we need to pay attention to the gains and losses of the 3328 band watershed. 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 time is at the 3340 position. The price is relatively long above this position. The price will continue in the short term after the price breaks down. After the price fell smoothly yesterday, there are signs of short-term adjustments, so I will not chase it for the time being, but the above focus on the resistance of 3358 regionally. It is key to pay attention to whether the price can be further under pressure after it is in place.
Gold 3358-3359 is empty in the area, with a defense of US$10, and a target of 3350-3340-3328-3320
European and the United States
European and the United States were generally fluctuating on Monday. The price fell to 1.1653 at the lowest point on the day, and rose to 1.1697 at the highest point and closed at 1.1663 at the same time. Looking back at the performance of European and American markets on Monday, the price first opened low in the short term during the early trading session, and then the price continued to suppress the fluctuation and decline below the four-hour resistance. From the final closing, the price ended with a small positive price. This performance also shows that the price is not extremely weak, so it needs to be treated in a fluctuating and falling way for the time being.
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 1.1460 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. fromAt the four-hour level, we need to pay attention to the 1.1690 regional resistance. The price is short-term short-term short-term, but we are wary of the price being adjusted slightly again in the four hours. At the same time, according to the one-hour level, the price is currently fluctuating and falling in the short term, and the short-term market shows signs of adjustment, so wait for the price to rebound upward and correct before looking at further pressure. At the position, we pay attention to the four-hour resistance and daily resistance under pressure.
Europe and the United States have a short range of 1.1720-30, defense is 50 points, target 1.1690-1.1630
[Finance data and events that are focused today] Tuesday, July 15, 2025
①To be determined domestic refined oil has opened a new round of price adjustment window
②To be determined OPEC released its monthly crude oil market report
③To be determined the governor and finance minister of the Bank of England delivered speeches
④0 9:30 Monthly report on residential prices in 70 large and medium-sized cities in China
⑤10:00 China's second quarter GDP annual rate
⑥10:00 China's total retail sales of consumer goods in June year-on-year
⑦10:00 China's industrial added value above scale in June year-on-year
⑧14:45 Federal Reserve Collins delivered a speech
⑨17:00 Germany's July ZEW Economic Prosperity Index
⑩17: 00 Eurozone July ZEW Economic Prosperity Index
17:00 Eurozone May Industrial Output Monthly Rate
20:30 Canada June CPI Monthly Rate
20:30 US June Unseasonal CPI Annual Rate
20:30 US June Seasonal CPI Monthly Rate
20:30 US June Seasonal CPI Monthly Rate
20:30 US June Seasonal Core CPI Monthly Rate
20:30 US June Unseasonal Core CPI Annual rate
20:30 US New York Fed Manufacturing Index in July
21:15 Federal Reserve Director Bauman delivered a speech at the meeting
00:45 Federal Reserve Director Barr delivered a speech
02:45 Federal Reserve Collins delivered a speech
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The above content is all about "[XM Foreign Exchange Market Analysis]: The daily gold line 618 is under pressure and falling as scheduled, while the European and American fluctuations and declines remain unchanged". It is carefully www.xmhouses.compiled 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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