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Gold's early trading low is a watershed, and the weekly support of European and American daily lines stopped upward
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: The low point of gold in the morning is a watershed, and the weekly support of the European and American daily lines has stopped rising." 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 Thursday. The price of the US dollar index rose to 98.119 on the day, and fell to 97.446 on the lowest, and finally closed at 97.522. Looking back at the market performance on Thursday, the price maintained a rise in the short term during the early trading session, and then the price tested the daily and weekly resistance areas as scheduled. At the same time, the US market was quickly under pressure with the help of data prices. Finally, the daily line ended with a large negative end, and the subsequent daily and weekly resistance gains and losses are still the key.
From a multi-cycle analysis, the price has been consolidating up and down in the weekly level recently. Currently, the weekly resistance is in the 97.90 area, and the price is short-shouldered below this position. The price will only turn long after the subsequent weekly closing above this position. From the daily level, as time goes by, the current daily resistance is in the 97.90 area. At present, it is necessary to pay attention to whether the price can stabilize the daily and weekly resonance resistance. From the four-hour perspective, yesterday's price continued to run above the four-hour support within the day, but in the US market, it was quickly under pressure and broke down with the help of data. At present, the US dollar index has oscillated in the four-hour period. The overall focus is on the range, and it will only continue after the break. The 97.70 position in the middle is treated as a watershed in the middle.
USD Index 97.70 is a short-term watershed
Gold
In terms of gold, the overall price of gold showed a decline on Thursday. The price rose to 3648.99 on the day and fell to 3612.89 on the lowest point, closing at 3633.78Location. In response to the short-term pressure on gold prices during the early trading session on Thursday, the price of gold was first under pressure at the four-hour resistance position, and then continued to be weak and pierced the previous day's low point. However, the US market received data and rose again. The big negative ended on the same day, but today, Friday's early trading session broke through the four-hour resistance and rose. The short-term four-hour support was more likely to be treated.
From a multi-cycle analysis, first observe the monthly rhythm. The monthly price ended in August. Overall, the price is still running bullishly. From the long-term perspective, the 3000 position is the watershed of the long-term trend. The price can be treated more on the long-term. From the weekly level, the price has broken through key resistance after recent continuous fluctuations and has continued to hit a new historical high. Currently, the weekly long and short watershed is at 3400. The price is above this position and the medium line is treated more. From the daily level, we need to pay attention to the 3540 regional support for the time being, and the band above this position should be treated more often. From a four-hour perspective, it closed below the four-hour support on Tuesday, but broke through again in the morning of today, and the short-term 3635-40 range became the four-hour support, and the price was more treated above this. The morning session will run strongly in one hour. If the price wants to continue to be strong, the early trading low will become a key position. If it does not break, it will be treated more often.
Gold has a large range of 3639-3640, with a defense of 10 US dollars, and a target of 3655-3668-3674
European and the United States
In terms of Europe and the United States, prices in Europe and the United States generally showed a bottoming out and rebounding on Thursday. The price fell to 1.1659 on the day and rose to 1.1745 on the spot and closed at 1.1732 on the spot. Looking back on the performance of European and American markets on Thursday, prices fell under pressure during the early trading session, and then operated weakly. Prices near the US market tested to support the daily and weekly lines and rose rapidly, and broke the high point of yesterday's early trading session. The overall positive ended, and the subsequent short-term treatment was more www.xmhouses.common.
From a multi-cycle analysis, from the monthly level, Europe and the United States are supported by 1.1060, so the price is treated with long-term bulls above this position. From the weekly level, the price is supported by the support of the 1.1670 area. This position is the long-shoulder watershed in the mid-term trend. Look at the medium-term long before breaking. From the daily level, the current daily resistance is at 1.1690 as time goes by. This position is a key watershed in the band trend. The price is above this area and the number of bands is first seen. At the same time, according to the four-hour level, as time goes by, the current four-hour support is supported in the 1.1710-20 range. The price will first look at the continued rise in this area. Pay attention to the 1.1760-1.1800 area above.
Europe and the United States have a lot of ranges of 1.1710-20, defense is 40 points, and target is 1.1760-1.1800
[Today's focusFinancial data and events that are concerned] Friday, September 12, 2025
①14:00 Germany's August CPI monthly rate final value
②14:00 UK's July three-month GDP monthly rate
③14:00 UK's July manufacturing output monthly rate
④14:00 UK's July seasonally adjusted www.xmhouses.commodity trade account
⑤14:00 UK's July industrial output monthly rate
⑥14:45 The final value of the CPI monthly rate in August
⑦22:00 The expected initial value of the US September one-year inflation rate
⑧22:00 The initial value of the University of Michigan Consumer Confidence Index in September
⑨The next day 01:00 The total number of oil drilling rigs in the week from the United States to September 12
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 Forex Official Website]: The low point of gold in the morning is a watershed, and the weekly support of European and American daily lines stops rising". 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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