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market analysis
Gold this week pays attention to breaking weekly support, while Europe and the United States are under pressure
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: Gold will pay attention to breaking the weekly support this week, and Europe and the United States will be under pressure." 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 97.882 at the highest point on the day, and fell to 97.402 at the lowest point, and finally closed at 97.664. Looking back at the market performance last Friday, the price fluctuated and rose in the early trading period, and then the price continued as expected, mainly because the price was supported by the short-term four-hour support. After the US market, the price hit the daily resistance and was under pressure. At present, it is time to look back on the four-hour support again in the early trading today. After that, we need to pay attention to the daily resistance further breaking and standing firmly.
From a multi-cycle analysis, the price is suppressed in the 98.70 area resistance at the weekly level. From a medium-term perspective, the trend of the US dollar index will be more bearish, but you need to pay attention to testing this area in the future. At the daily level, the price broke through the daily resistance in the early stage, but fell below the daily support again on Tuesday, and continued to decline in the short term after falling below the daily resistance. The current daily resistance is at 97.90. It is still necessary to pay attention to further testing and stand firm again in the future. From the four-hour perspective, the price broke through and stood firm in the four-hour resistance last Thursday, and then the short-term will further look at the rise based on the four-hour support. At the position, it will temporarily focus on the 97.40-97.50 range, and the daily resistance breakthrough i performance above will follow. At the same time, the current price has further soared in one hour, so it is enough to continue to look at the rise in the lows in the morning.
The US dollar index has a range of 97.40-50, with a defense of 5 US dollars, and a target of 97.80-98.10
Gold
In terms of gold, the overall price of gold was down last Friday, with the highest price rising to 3373.39 on the day, falling to 3324.9 on the lowest price, closing at 3336.45 on the market. In view of the high point that gold still suppressed last Friday's retreat in the early morning of the previous day, this is also the rhythm of last Thursday and Friday. At the same time, as the author said, the price will further test the weekly support, and the subsequent focus will be on the performance of further breaking.
From multi-cycle analysis, first observe the monthly line 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. For the current situation, we need to pay attention to the gains and losses of the monthly line high and low points. From the weekly level, the price on the weekly line has continued to fluctuate at a high level recently. As time goes by, the weekly watershed is temporarily at 3320. The price is relatively large above this position. After rising and falling last week, there is currently a further performance of breaking down. Once it breaks down, the decline in the medium term will begin. According to the daily level, when the price fell below the daily support position as scheduled on Friday, the previous support became a key resistance. The current daily resistance is at 3355, and the price is short-term below this position. At the same time, the price continued to be suppressed after falling below the four-hour support last Wednesday. The current four-hour resistance is in the 3354 area, so you can continue to be under pressure in this area. At the same time, this position resonates with the daily resistance, and focus on the pressure in the future. In one hour, the prices in the first two days were suppressed by the high point of the retracement in the early morning of the previous day. Therefore, the European session focused on the gains and losses of the high point of the retracement in the early morning of Friday. If it does not break, it is expected to be directly under pressure. Once it breaks up, pay attention to the four-hour resistance and daily resistance to look at the pressure. Pay attention to the 3320-3296 area below.
Gold 3354-3355 is short in the range, with a defense of US$10, and a target of 3320-3296 (the radicals are short before breaking 3340, and once they break up, they will increase their position short)
European and the United States
European and the United States
European and the United States, the prices of European and American generally showed a decline last Friday. The price fell to 1.1702 on the day, and rose to 1.1760 on the highest, closing at 1.1738 on the market. Looking back at the performance of European and American markets last Friday, prices first fluctuated in the early trading, and then were further under pressure. The price rebounded upward after the US session, but in the end, the negative line ended. The subsequent focus was on the gains and losses of the daily line support, and the band was short when the downward breaks.
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 1.1510 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, after the price broke through the daily resistance last Monday, the current price is at a high above the 1.1690 position, but at the same timeBe careful of the price falling back and breaking down again. Looking at the resistance in the range of 1.1760-70 from the four-hour level, the price is temporarily bearish at this position, and the subsequent focus is on the daily support area of 1.1690. At the same time, according to the one-hour level, the current price also has pressure performance, so it is the time to deal with pressure first.
Europe and the United States have a short range of 1.1760-70, defense is 40 points, target 1.1690-1.1660
[Finance data and events that are focused today] Monday, July 28, 2025
①18:00 UK July CBI retail sales difference
②20:00 OPEC + Ministerial Supervision xm-links.committee was held
③22:30 US July Dallas Fed Business Activities Index
Note: The above is only personal opinions and strategies, for reference and xm-links.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.
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