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Gold 3350 is a short-term watershed, with European and American daily lines and four-hour resistance resonant
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Hello everyone, today XM Foreign Exchange will bring you "[XM Group]: Gold 3350 is a short-term watershed, with European and American daily lines and four-hour resistance resonance". 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 98.81 on the day, and fell to 97.529 at the lowest, and finally closed at 97.697. Looking back on the market performance last Friday, during the early trading session, the price rose in the short term at the low point of the retreat in the early morning of the previous day, and then hit a high point of the day and was under pressure again. After the opening of the European session, the price continued to be suppressed, and the US session was affected by Powell's speech and prices fell rapidly and finally closed at a low level.
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 98.10 position to stabilize. Once it stands firm, the medium-term bulls will continue to rise. At the daily level, on the daily line, gold prices are currently fluctuating at low levels, and overall, we still need to pay attention to the stable performance of the daily line 98.10. From the four-hour perspective, the four-hour trend is the key to our long-term price trend. Currently, the four-hour resistance is in the 98.20 area, which resonates with the daily and weekly support. This area continues to see further price increases in this area. The same bulls performed in one hour, so we will continue to pay attention to the continuation of bulls in the future.
The US dollar index has a long range of 98.10-20, with a defense of 5 US dollars, and a target of 98.80-99.10
Gold
In terms of gold, the overall price of gold showed a decline on Monday, with the highest price rising to 3376.13 on the day and the lowest price fell to 3359.65 on the day.The closing price was 3365.48. In response to the pressure decline in gold prices in the early trading on Monday, the price ended with a big negative end. Today, due to the news, gold hit the high point of this week again, but overall it is still bearish, so we are temporarily paying attention to the early trading high point suppression and the upper trend line 3410 area suppression, and the 3350 position below is a long-shoulder watershed.
From multi-cycle analysis, first observe the monthly rhythm, the price has continued to fluctuate at high levels in recent months, so bulls need to be cautious before breaking through the previous high. Currently, the long and short watershed of the monthly line is at 2920. In the short term, the gains and losses of the high and low points of the last month have become the key. From the weekly level, gold on the weekly line has continued to fluctuate at a high level recently. Currently, as time goes by, the weekly watershed is at 3350. Only after the subsequent price closes below this position will the space be truly opened. From the daily level, the daily line broke through the daily resistance due to news last Friday. The current daily line watershed is at 3350. Overall, the price is still in the triangle oscillation and contraction range. The space is gradually decreasing, and the space will be opened after the subsequent break of the contraction range. From the four-hour level, 3360 is currently the short-term key in the four-hour period, and the subsequent price will show that it will fall below 3350. Therefore, you can wait for the rebound to fall below 3350 and then rebound to short. Aggressors can short before breaking the early high point. If you accidentally break up, you will wait for the 3410 area to be short. It is also a sign of empty performance over an hour.
Gold 3350-3351 is a watershed. If you don’t break the early high, you will first look at the pressure. If you accidentally rise, you will pay attention to the 3410 regional suppression
Europe and the United States
Europe and the United States, the prices of European and American prices generally showed a decline on Monday. The price fell to 1.1602 at the lowest point on the day, and rose to 1.1725 at the highest point and closed at 1.1615 at the same time. Looking back at the performance of European and American markets on Monday, prices fell directly in pressure in the early trading, and then the price maintained a weak performance. The United States was under significant pressure after the trading session and touched the weekly support area, and the daily line ended in a big negative situation.
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 1.1620 area, which is the long-shoulder watershed in the mid-line trend. From the daily level, as time goes by, the daily line is currently supported at 1.1660. This position is a key watershed in the band trend. Yesterday, the price breaks down, so we need to pay attention to the pressure situation at this position. After all, the gains and losses of the weekly support below are the key. According to the four-hour level, the current four-hour resistance is in the 1.1650-60 area, and the price is short-term short-term.
Europe and America 1.1650-1.1660 range is empty, defense is 40 points, target 1.1620-1.1570-1.1520
[Finance data and events that are focused today] Tuesday, August 26, 2025
① To be determined Domestic refined oil opens a new round of price adjustment window
②20:30 US July durable goods order monthly rate
③21:00 US June FHFA House Price Index Monthly Rate
④21:00 US June S&P/CS 20 major cities have not yet Seasonal adjustment of housing price index annual rate
⑤22:00 US August Consulting Chamber of www.xmmen.commerce Consumer Confidence Index
⑥22:00 US August Richmond Fed Manufacturing Index
⑦ Next day 02:45 Bank of Canada Governor McClum delivered a speech
⑧ Next day 04:30 US to August 22
Note: The above is only personal opinion and strategy, for reference and www.xmmen.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 Group】: Gold 3350 is a short-term watershed, European and American daily lines and four-hour resistance resonance". It is carefully www.xmmen.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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