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market analysis
The weekly line is under pressure, and gold and silver will be much lower this week
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Hello everyone, today XM Foreign Exchange will bring you "[XM Group]: The weekly line is under pressure, and gold and silver will delay low this week." Hope it will be helpful to you! The original content is as follows:
Last week, the gold market opened at the 3642.9 position at the beginning of the week, and the market fell first, which gave the weekly low point of 3626.2, and then the market rose strongly. The weekly high and fell, and the market rose twice, and the market finally closed at the 3684.9 position. After the market closed with a large positive line with an upper and lower shadow line. After this pattern ended, There is a demand for bullishness this week. At the point, the longs of 3325 and 3322 below are the longs of 3368-3370 last week and the longs of 3377 and 3385 longs and 3563 last week, and the stop loss followed at 3570. It fell back to 3672 longs and 3666 in the morning today. The target is 3692 and 3700, and the historical pressure www.xmtraders.competition of 3707. If the position is broken, look at 3712 and 3721 and 3732 pressure points.
The silver market opened at 42.17 last week and then the market first rose. The market first fell. The weekly line was at 41.1 at the lowest point and the market rose strongly. The weekly line reached the highest point and then the market consolidated. The weekly line finally closed at 43.049 and then the market closed with a hammer head with an extremely long lower shadow line. After this pattern ended, it fell back to the low-long position today, with a point at 37.8 at the bottom.The stop loss followed by the 39.5 position reduction last Friday, and the 42.6 long stop loss is 42.4 today, and the target is 43.1 and 43.3 and 43.5.
The European and American markets opened at 1.17315 last week and the market fell first, giving the weekly low of 1.17135. The market rose strongly. The weekly line reached the highest position of 1.5 and then the market fell at the end of the trading session. The weekly line finally closed at 1.17429 and then closed with a shooting star with a very long upper shadow line. After this pattern ended, the long 1.16600 and the long 1.17100 below left the market, and today the short stop loss of 1.17800 today is 1.18000. The target below is 1.17300 and 1.17100 and 1.16900.
The U.S. crude oil market opened at 62.67 last week and the market fell slightly, and then the market rose strongly. The weekly line reached the highest point of 64.79 and then the market fell strongly. The weekly line finally closed at 62.55, and the weekly line finally closed at 62.69. After the weekly line closed with a shooting star with a very long upper shadow line. After this pattern ended, the short position of 64.4 last week was reduced and the stop loss followed at 64.2. Today, the target below 63.3 short stop loss is 62.5 and 62-61.5-61.3.
The Nasdaq market opened at 24094.7 last week and then the market rose first and gave the position of 24391.9, and then the market fell strongly. The weekly line was at the lowest point of 23984.53 and then the market rose strongly. The weekly line reached the highest point of 24642.98 and then the market consolidated. The weekly line finally closed at 24612.64, and then the market was a large positive line with a longer lower shadow line. After closing, this pattern ended, the stop loss of more than 24480 today was 24420, with a target of 24650 and 24750 and 24800.
The fundamentals, last week's fundamentals market focused on the Federal Reserve's interest rate decision. The Federal Reserve announced a 25 basis point interest rate cut last week, and the interest rate fell to the range of 4.00%-4.25%. This move marks the restart of the pace of interest rate cuts that have been suspended since December last year. Despite this, there are still differences within FOMC regarding the extent of interest rate cuts, and the newly appointed director Milan advocates that a 50 basis point cut should be cut. Regarding future interest rate paths, the median Fed dot chart shows that it is expected to cut interest rates twice this year, one more than expected in June. Specifically, 9 of the 19 officials are expected to cut interest rates twice this year.Two people are expected to cut interest rates again, six people are expected to cut interest rates again, one person believes that interest rates should be kept unchanged throughout the year, and one person believes that interest rates need to be cut by another 125 basis points this year. The forecast for interest rate cuts in 2026 remains once. Powell stressed that this interest rate cut is a risk management rate cut, and the downward risks of the labor market are the focus of this decision, but there is no need to quickly adjust interest rates. Decisions will be made based on the latest data in the future. Powell also pointed out that the current slowdown in US economic growth mainly reflects the slowdown in consumer spending. In terms of inflation, the transfer of tariffs to consumers has already occurred, but it is smaller than expected. In terms of employment, the annual employment data revisions are almost exactly in line with expectations, but the revised employment data means that the labor market is no longer stable. In terms of political influence, Powell was firmly www.xmtraders.committed to the independence of the Federal Reserve, responding to Milan's impact on interest rate resolutions that the only way a single voter could have an impact is to make a very persuasive argument. He also said that there was no consideration for inclusion in the "third mission" in other ways. So after the boots landed, the US dollar index rose, and gold and silver fell for a while. Over the weekend, Australia, Canada, the United Kingdom and Portugal announced their recognition of the Palestinian state. This is also because Israel in the Middle East is too anti-human, which makes these American younger brothers and their boss part ways in this matter. The fundamentals of this week are mainly focused on the FOMC permanent vote www.xmtraders.committee at 21:45 today and New York Fed Chairman Williams made a speech on monetary policy and economic outlook. Then look at the initial value of the euro zone September consumer confidence index at 22:00. On Tuesday, we focused on the US second quarter current account at 20:30. Then look at the initial S&P Global Manufacturing PMI in September at 21:45 and the initial S&P Global Services PMI in September at the United States. Look at the US September Richmond Fed Manufacturing Index at 22:00 later. Wednesday, we will pay attention to the annualized total number of new home sales in the United States in August at 22:00. Look at the 22:30 U.S. to September 19 weekly EIA crude oil inventories and U.S. to September 19 weekly EIA Cushing crude oil inventories and U.S. to September 19 weekly EIA strategic oil reserve inventories. On Thursday, we focused on the number of initial unemployment claims in the United States to September 20, from 20:30, and the final value of the annualized quarterly rate of the US real GDP in the second quarter, and the final value of the core PCE price index in the second quarter, as well as the monthly rate of the US durable goods orders in August. Then look at the annualized total number of existing home sales in the United States at 22:00. Friday is the key to this week, focusing mainly on the annual rate of the US core PCE price index in August at 20:30, with an expected 2.9% in this round. Look at the final value of the University of Michigan Consumer Confidence Index in September at 22:00 and the expected final value of the first-year inflation rate in September.
In terms of operation, gold: 3325 and 3322 long and 3322 below and 3370 long and 3377 and 3385 long and 3563 long and 3563 long and 3570, and then the stop loss was followed at 3570. Today's morning session fell back to 3672 long and 3666. The target was 3692 and 3700, and the break was 3707 history.In the fight for pressure, if the position breaks, look at the pressure points of 3712 and 3721 and 3732.
Silver: The long at 37.8 below and the long at 38.8 last Friday, the stop loss followed at 39.5, 42.6 today, the stop loss is 42.4, the target is 43.1 and 43.3 and 43.5.
Europe and the United States: The long at 1.16600 below and the long at 1.17100 below, the short stop loss is 1.18000 today, the target is 1.17300 and 1.171 below 00 and 1.16900.
U.S. crude oil: After short reduction in position at 64.4 last week, the stop loss followed at 64.2. Today, the short stop loss at 63.3 is 63.8. The target is 62.5 and 62-61.5-61.3.
Nasdaq: Today, the stop loss is 24480 more than 24420, the target is 24650 and 24750 and 24800.
The above content is about "【XM Group]: The weekly line is strong and the sun is facing pressure, and gold and silver are delaying low this week” is carefully www.xmtraders.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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