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Gold 3674 is a strong key point, and the four-hour support of Europe and the United States is still too long
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Gold 3674 is a strong key point, and the four-hour support of Europe and the United States is still long." 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 97.679 on the day, and fell to 97.246 on the lowest, and finally closed at 97.326. Looking back at the market performance on Monday, during the early trading session, the price first adjusted upwardly to four-hour resistance and then fell under pressure. Then the price ran in an extremely weak manner, and finally the big negative state ended.
From a multi-cycle analysis, the price has recently been consolidating up and down on the weekly level. Currently, the weekly resistance is in the 97.80 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 97.70 area. I am short at this position. For the future, we need to pay attention to whether the price can stabilize the daily and weekly resonance resistance. Only by standing firm will it rise, otherwise it will continue to be under pressure. From the four-hour perspective, after the recent fluctuation and pressure of the US dollar index, the current four-hour resistance is at the 97.40-50 range. The price is short-term short-term, and the price will only rise after breaking up.
The US dollar index has a short range of 97.40-50, defending 5 US dollars, targeting 97.20-97
Gold
In terms of gold, the overall price of gold showed an upward trend on Monday. The price rose to the highest level on the day and fell to the lowest level at 3685.43, and closed.at 3678.72. In response to the short-term pressure and decline in gold prices during the early trading on Monday, and then rising again. During the US session, prices rose hard and broke through the early trading high, and then continued to soar, and finally the big sun ended on the same day.
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 3415. The price is above this position and the medium line is treated more. From the daily level, we need to pay attention to the 3578 regional support for the time being, and the band above this position should be treated more often. From the four-hour perspective, the price maintained its four-hour support up and down consolidation in the last few days of last week. Yesterday, after breaking through the four-hour resistance, the four-hour support is still the key. At present, the focus is on the support of the 3657-3658 range, and the price is more treated at this position. At the same time, the one-hour closing strongly on the previous day. During today's Asian session, it once again relied on the low point of the retreat in the early morning of the previous day to hit a new high. At present, the low point of the retreat in the early morning of yesterday became a key watershed. The price will be more strong before the price breaks down. If the unexpected breaks down, focus on the four-hour support and look at the rise. Focus on the 3690-3720 area above.
Gold maintains strong bullish treatment before breaking down 3674
According to breaking down, then pay attention to gold's long range of 3657-58, with a defense of 10 US dollars, and a target of 3690-3720
Europe and the United States, European and American prices generally showed an upward trend on Monday. The price fell to 1.1715 on the day and rose to 1.1774 on the spot and closed at 1.1760 on the spot. Looking back at the performance of European and American markets on Monday, the price was under pressure and tested to four-hour support during the early trading session, and then the price was strongly upward again, and finally the price ended in a big positive state.
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 1.1690 area. This position is the long-shoulder watershed of the medium-term trend. Before breaking down, it is first seen in the medium-term long term. However, the weekly price currently tends to oscillate at high levels and under pressure, so the focus will be on the gains and losses of this position in the future. From the daily level, the current daily resistance is at 1.1710 as the 1.1710 position. This position is the key watershed of 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 range of 1.1740-50, so the current price remains above the multi-cycle support, and is temporarily treated more often. Once the price breaks below the four-hour support in the future, you need to pay attention to the continuation, because this weekThe Federal Reserve's interest rate resolution and Powell's speech, so we need to pay attention to market risks at the same time.
Europe and the United States have a range of 1.1740-50, with a defense of 40 points, and a target of 1.1780-1.1810
[Finance data and events that are focused today] Tuesday, September 16, 2025
①08:00 US Senate finally voted for the nomination of the Federal Reserve Board of Directors in Milan
②14:00 UK July three-month ILO unemployment rate
③14:00 UK August unemployment rate
④14:00 UK August unemployment rate
④14:00 UK August unemployment claim
⑤17:00 Germany September ZEW Economic Prosperity Index
⑥17:00 Eurozone September ZEW Economic Prosperity Index
⑦17 :00 Eurozone July industrial output monthly rate
⑧20:30 Canada August CPI monthly rate
⑨20:30 US August retail sales monthly rate
⑩20:30 US August import price index monthly rate
21:15 US August industrial output monthly rate
22:00 US September NAHB real estate market index
22:00 US July www.xm-forex.commercial inventory monthly rate
The next day 04:30 US to September 12 API crude oil inventories
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