Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- 【XM Market Review】--AUD/USD Forecast: Holds in Consolidation
- 【XM Market Analysis】--WTI Crude Oil Forecast: WTI Crude Oil Tests Resistance
- 【XM Market Analysis】--Weekly Forex Forecast – GBP/USD, EUR/USD, USD/JPY, AUD/USD
- 【XM Market Analysis】--ETH/USD Forecast: Ethereum Hits a Brick Wall
- 【XM Group】--GBP/USD Analysis: Weak Attempts at an Upward Rebound
market analysis
Gold 3865 is a short-term watershed, and European and American bearish ideas remain unchanged
Wonderful introduction:
Let your sorrows be full of worries, and you can't sleep, and you can't sleep. The full moon hangs high, scattered all over the ground. I think that the bright moon will be ruthless, and the wind and frost will fade away for thousands of years, and the passion will fade away easily. If there is love, it should have grown old with the wind. Knowing that the moon is ruthless, why do you repeatedly express your love to the bright moon?
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Gold 3865 is a short-term watershed, and the ideas of European and American bears remain unchanged." 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 98.11 on the day, and fell to 97.495 on the lowest, and finally closed at 97.863. Looking back at the market performance on Thursday, during the early trading period, the price was suppressed in the four-hour resistance first. After the European session, it continued to fall and was supported at the low point of the previous day. After the US session, it rose as expected and broke through the weekly resistance position. It continued to rise.
From a multi-cycle analysis, the price has been consolidating in the weekly level recently. Currently, the weekly line supports the 97.85 area, and at the same time, the price has been in the last week's resistance, and the bulls continue in the medium term. From the daily level, as time goes by, the daily line is currently supported in the 97.60 area, and the band above this position of the price has further risen. From a four-hour perspective, yesterday's US trading broke through the four-hour resistance position, and the previous resistance became support. Currently, the focus is on the 97.70 position, and the price is short-term bullish treatment above this position. There is currently a short-term adjustment in one hour. After the price falls back to the four-hour support area, it will continue to pay attention to the rise. Focus on the 98.20-98.50 area above. Once it breaks through 98.50, the bulls will continue.
The US dollar index has a long range of 97.70-80, with a defense of 5 US dollars, and a target of 98.20-98.50
Gold
In terms of gold, gold prices generally showed a decline on Thursday, with the highest price increase on the dayAt 3896.63, it fell to 3819.2 at the lowest point and closed at 3856.13. In response to the price of gold in the early morning session of Thursday, the price rose further based on four-hour support, but continued to the European session but fell back by the US session. The price fell below the four-hour support as scheduled, and finally the dark state ended on the day.
From multi-cycle analysis, first observe the monthly rhythm. From the long-term perspective, the 3130 position is the watershed of the long-term trend. The price can be treated more in the long-term. From the weekly level, the current weekly long and short watershed is at 3490, and the price is above this position and the medium line can be treated more. From the daily level, we need to pay attention to the 3765 regional support for the time being. The band above this position is treated more often, and we will continue to treat the right-hand trading method. From the four-hour perspective, the price broke downward and four-hour support yesterday as the author said. Currently, with the passage of time, the four-hour resistance is in the range of 3863-3865. At this position, it is temporarily focused on the pressure. At the same time, yesterday emphasized the recent two rhythms of gold, so the focus is on the gains and losses of four-hour resistance, and the right-hand trading method is treated first.
Gold 3865 is a short-term watershed
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States
Europe and the United States generally showed a downward trend on Thursday. The price fell to 1.1682 on the day and rose to 1.1758 on the highest, closing at 1.1715 on the market. Looking back at the performance of European and American markets on Thursday, the price rebounded upwardly during the early trading session and tested it to the daily resistance position. From the time point, the price continued to be suppressed during the European session. After the session, the US fell under pressure and fell below the 1.1700 position. Although it rebounded overnight, the overall bears were still maintained.
From a multi-cycle analysis, from the monthly level, Europe and the United States are supported by 1.1100, so the price is treated with long-term bulls above this position. From the weekly level, the price is supported by the 1.1700 area. This position is the long-shoulder watershed in the mid-line trend. This week, the key is to focus on whether the weekly closing can close below this position. From the daily level, the daily line is the key to our emphasis on the band trend. Currently, the daily line resistance is at 1.1750, and the price continues to be under pressure below this position. From the four-hour perspective, at the beginning of the week, the price fluctuated and adjusted in the short term above the four-hour support, but it continued to break down for two days, which means that there will be further pressure in the future. In the early stage, the short band of the 1.1750-60 range can be continued to hold, and in the short term, you can continue to pay attention to the daily resistance under pressure.
Europe and the United States have a short holding in the 1.1750-60 range, pay attention to the 1.1700 break, pay attention to the 1.1650 after the break. [Finance data and events that are focused on today] Friday, October 3, 2025
①07:30 Japan's August unemployment rate
②09:05 Bank of Japan Governor Kazuo Ueda held a press conference
③14:45 France's August industrial output monthly rate
④15:50 France's September service industry PMI final value
⑤15:55 Germany's September service industry PMI final value
⑥16:00 Eurozone's September service industry PMI final value
⑦16:30 UK's September service industry PMI final value
⑧17:00 Eurozone's August PPI monthly rate
⑨18:05 Federal Reserve Williams delivered a speech
⑩20:30 US September unemployment rate
20:30 US September seasonal adjustment Post-non-farm employment population
20:30 The average annual rate of hourly wages in the United States in September
20:30 The average monthly wages in the United States in September
21:20 The Bank of England Governor Bailey delivered a speech
21:45 The final value of the S&P Global Services PMI in September
22:00 The next day ISM non-manufacturing PMI
The next day 01:00 The total number of oil drilling rigs from the United States to October 3
The next day 01:40 The next day 01:40 The Federal Reserve Vice Chairman Jefferson delivered a speech
Note: The above is only personal opinions and strategies, for reference and www.xmtraders.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 Foreign Exchange Decision Analysis]: Gold 3865 is a short-term watershed, and the European and American short-selling ideas remain unchanged". It was carefully www.xmtraders.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
Spring, summer, autumn and winter, every season is a beautiful scenery, and it stays in my heart forever. Leave~~~
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here