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market analysis
Gold's early trading lows determine whether it can continue, Europe and the United States continue to be under pressure
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Walk out of the thorns, there is a bright road covered with flowers; when you reach the top of the mountain, you will see the cloudy mountain scenery like green clouds. In this world, a star falls and cannot dim the starry sky, a flower withers and cannot desolate the whole spring.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: Whether the gains and losses of gold's early trading lows can continue, Europe and the United States continue to 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 a downward trend on Tuesday. The price of the US dollar index rose to 97.442 at the highest point on the day, and fell to 97.173 at the lowest point, and finally closed at 97.205. Looking back at the market performance on Tuesday, the price fell under pressure during the early trading session first, and then tested the daily line and four-hour resistance positions again, but the price did not break through intraday, but instead fluctuated, and finally the negative line ended. However, it is currently a bottoming performance, and the bulls continue to look at the performance in the future.
From a multi-cycle analysis, the weekly level has recently been a key consolidation in the weekly line. Currently, the weekly resistance is in the 97.80 area. It is important to pay attention to whether this position can stand firm this week. Once it stands firm, the medium-term bulls will continue. From the daily level, as time goes by, the daily line is currently supported in the 97.40 area. We will pay attention to this position to stabilize and rise further. From the four-hour perspective, the current four-hour resistance is at 97.30. The price currently pierces the four-hour and daily resistance positions in the short term. We will pay attention to the continued steady and pull up. The current price bulls will continue in one hour, so in terms of operation, as long as the price continues to be bullish above 96.80, and in short-term operations, you can continue to look at the continuation.
The US dollar index has a long range of 97.30-40, with a defense of 5 US dollars, and a target of 97.60-97.80
Gold
In terms of gold, gold prices generally showed an upward trend on Tuesday., the price rose to 3790.99 on the day, and fell to 3636.57 on the lowest, closing at 3763.94 on the market. In response to the price of gold in the early trading session on Tuesday, the price continued to be revised and then rose, and the price hit a new high in the Asian session. After that, the European session continued to be strong, but the price did not continue to be strong last night but adjusted to the closing. The daily positive line ended, and the short-term rhythm changed. The focus is on the gains and losses of the low points in the morning session for the time being.
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 3445. The price is above this position and the medium line is treated more. From the daily level, we need to pay attention to the 3671 regional support for the time being, and the band above this position should be treated more frequently. From a four-hour perspective, the price will continue to rise strongly on the four-hour support in the short term. During the morning session today, the price retracement was tested to the four-hour support position of 3750. The gains and losses of this position determine the key to whether the rise can be continued in the future. The current price is biased towards the 3750-3790 range over the hour, so don’t blindly look at big rises and big falls. There are corrections in the short term, so pay attention to the gains and losses of the early trading lows. Before the break is not, you need to pay attention to the short-term continuation. Once the break is broken, you need to pay attention to the adjustment performance.
The gold early trading low of 3750 is a short-term watershed. Once it breaks down, we need to pay attention to adjustments
European and the United States
European and the United States, prices in Europe and the United States generally showed an upward trend on Tuesday. The price fell to 1.1777 at the lowest point on the day, and rose to 1.1819 at the highest point and closed at 1.1813 at the same time. Looking back at the performance of European and American markets on Tuesday, the price first went upward during the early trading session and then adjusted, but the price closed at a high level in the evening. Overall, Europe and the United States are still paying attention to pressure, and the subsequent focus is on the gains and losses of the weekly support area.
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 1.1700 area. This position is the long-shoulder watershed of the medium-term trend. Currently, there is a performance of breaking the weekly support, so the focus will be on the subsequent focus. From the daily level, the daily line is currently supported at the 1.1760 position over time, which serves as a key watershed in the band trend. At the same time, according to the four-hour level, as time goes by, the current four-hour resistance is in the range of 1.1790-1.1800, and we will pay attention to this area under pressure in the future. The bears are currently continuing in the first hour, so we will continue to pay attention to the pressure in the future. The following is the 1.1760-1.1700 regional support.
Europe and the United States have a range of 1.1790-1.1800, with a 40-point defense, and a target of 1.1760-1.1700
[Finance data and events that are focused today] Wednesday, September 24, 2025
①07:20 US President Trump delivered a speech at the UN General Assembly
②09:30 Australia's August weighted CPI annual rate
③16:00 Germany's September IFO Business Income Index
④16:00 Switzerland's September ZEW Investor Confidence Index
< p>⑤22:00 Total new home sales in the United States in August were annualized⑥22:30 EIA crude oil inventories in the week from the United States to September 19
⑦22:30 EIA Cushing crude oil inventories in the week from the United States to September 19
⑧22:30 EIA strategic oil reserve inventories in the week from the United States to September 19
⑨The next day was 04:10 Fed Daly delivered a speech
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The above content is all about "[XM Forex Official Website]: The gains and losses of gold in the morning session can be determined whether the gains and losses of gold's early trading lows can be continued, and Europe and the United States continue to be under pressure". It 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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