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Gold will accelerate after falling below four-hour support, and the gains and losses of European and American weekly support are the key
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: Gold falls below four-hour support and will accelerate, and the gains and losses of European and American weekly support are the key." 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 98.66 on the day, and fell to 98.155 on the lowest, and finally closed at 98.632. Looking back on Thursday's market performance, the price gained support in the early trading period and fluctuated in the short term, and then made a strong move before the European session. After that, the European session bottomed out and rebounded, and continued to bottom out and rebounded after the US session and pulled up sharply. Overall, the US index continued to fluctuate in the early stage and bottomed out, and will make a strong move in the future.
From a multi-cycle analysis, the weekly level has recently been supported by the weekly support up and down. This week, the focus is on the 98.30 position to stabilize. Once it stands firm, the medium-term bulls will continue to rise. At the daily level, last week, the price suppressed the daily resistance position and continued to fluctuate below the daily resistance position. The current daily resistance is at 98.20. The price broke through upwardly yesterday and stood firm. In the future, we will pay attention to the market for bulls to pull up in the band. From the four-hour perspective, the four-hour perspective is the key to our emphasis on short-term price trends. Currently, the four-hour support range is 98.30-40, so overall, you can continue to look upward based on this area. From an hour perspective, yesterday's price rose as the author said based on the trend line and four-hour support. You can pay attention to further and continue in the future. The short-term above focuses on the 98.70-99 area.
The US dollar index has a long range of 98.30-40, with a defense of 5 US dollars, a target of 98.70-99
Gold
Gold, on ThursdayThe price of gold generally showed a downward trend, with the highest price rising to 3352.05 on the day, falling to 3325.06 on the lowest price, closing at 3338.43 on the day. In response to the short-term rise and fall of gold during the early trading session on Thursday, the price continued to be weak and pierced the four-hour support before the US session. It then rose again but did not break through the early trading high point. It was under pressure during the overnight fluctuation and finally the daily line ended with a big negative. Currently, gold continues to be under pressure before breaking through weekly and daily resistance, and subsequent declines below four-hour support will accelerate.
From multi-cycle analysis, first observe the monthly line rhythm. The price will run 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. For the current need to pay attention to the gains and losses of the monthly line high and low points, the price will continue to be under pressure after the price breaks the monthly line low point. From the weekly level, the price on the weekly line has been fluctuating in two negative and two positive recent times. Last week was the first week of decline, and this week continues to pay attention to pressure. The weekly long-short watershed position is at 3350. From the daily level, the current daily resistance is at 3352, and the overall daily line is currently bearish, so it continues to be laid out at high altitudes. Four hours is the key to the short-term trend. Yesterday's price only pierced the four-hour support, so before falling below the four-hour support, it temporarily fluctuates according to the four-hour support and the daily resistance range. When the price reaches the upper level, pay attention to the pressure. It will accelerate after the subsequent fall below the four-hour support. From an hourly perspective, the short-term price of gold tends to fluctuate, so it still does not chase orders, focus on the rebound shortage, and focus on the 3335-3320-3310-3280 area below.
Gold 3350-52 is short in the area, with a defense of US$10, and a target of 3335-3320-3310-3280
European and the United States
European and the United States
European and the United States generally showed a decline on Thursday. The price fell to 1.1600 on the day and rose to 1.1662 on the spot and closed at 1.1604 on the spot. Looking back at the performance of European and American markets on Thursday, prices fell under pressure in the early trading first, and then rose and fell in the European trading. The US was weak after the session and hit a low point of the day again. The daily line ended with a big negative, and the subsequent weekly support gains and losses are still the key.
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 large negative end. Therefore, when you are bullish, you need to pay attention to market adjustments. From the weekly level, the price is supported by the support of the 1.1590 area, and from the perspective of the mid-line, the price decline is temporarily treated as a correction in the mid-line rise. At the same time, it is necessary to pay attention to further retracement in the near future and pay attention to whether it can break down. From the daily level, the current daily resistance at 1.1650 as time goes by, and we will pay attention to further continuous performance in the future. According to the four-hour level, the current four-hour resistance is in the 1.1630-40 area, and continues toContinue to pay attention to the pressure. There is a correction in the short term of the price in one hour, so be cautious when chasing short positions, pay attention to the pressure after the rebound, pay attention to the gains and losses of the 1.1590 position below, and continue to see the continuation after the fall below.
Europe and the United States have a short range of 1.1635-45, defense is 40 points, target is 1.1590, and then break down and look at 1.1530
[Finance data and events that are focused today] Friday, August 22, 2025
① To be determined, the Hang Seng Index xmmarkets.cnpany announced the second quarter review results
②07:01 UK August Gfk Consumer Confidence Index
③07:30 Japan July core CPI annual rate
< p>④14:00 Germany did not adjust the annual GDP annual rate in the second quarter⑤20:30 Canada's June retail sales monthly rate
⑥22:00 Federal Reserve Chairman Powell delivered a speech
⑦01:00 the next day at the United States to August 22
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Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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