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The perimeter is bowed to welcome Christmas, gold and silver are still abundant this week
Wonderful introduction:
Without the depth of the blue sky, you can have the elegance of white clouds; without the magnificence of the sea, you can have the elegance of the creek; without the fragrance of the wilderness, you can have the greenness of the grass. There is no bystander seat in life. We can always find our own position, our own light source, and our own voice.
Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market www.xmtraders.commentary]: Weekly curves bow to welcome Christmas, gold and silver are still abundant this week." Hope this helps you! The original content is as follows:

The gold market continued to rise last week. After opening at 4300.1 at the beginning of the week, the market first rose to a high and low of 4351, and then fell rapidly. The weekly minimum reached a position of 4371.1, and then the market began to rise. By Thursday, the weekly line reached the highest position of 4374.5 and then consolidated. After the weekly line finally closed at 4338.6, the weekly line closed in a spindle shape with the upper shadow line slightly longer than the lower shadow line. After this form ended, 3325 and 3 below The long of 322 and the long of 3368-3370 and the long of 3377 and 3385 and the long of 3563 will be followed up with a stop loss at 4000 after reducing the position. The previous week's long of 4176 and 4174 and the long of 4187 and 4184 and the long of 4208 and 4 The stop loss of 205 is more than 4220, and the stop loss is placed at 4310 after the long reduction of 4310 last week. Today's market is more than 4320 and the stop loss is 4314. The target is 4340 and 4352 and 4360-4374 and 4381 pressure www.xmtraders.competition.

The silver market first fell back after opening at 61.715 last week. The weekly minimum reached 61.486 and then the market rose strongly. The weekly maximum touched a record high of 67.465 and then consolidated the weekly. After the weekly finally closed at 67.154, the weekly closed slightly with an upper shadow line.The big positive line that is longer than the lower shadow line closes, and after this form ends, there is continued demand for bullishness this week. In terms of points, the longs below 37.8 and 38.8 are followed up at 56, and the longs at 50.75 are held at 52. After reducing the long position of 7, the stop loss is followed up at 61. Today’s market is 66.3 and the stop loss is 66. The target is 66.8 and 67.2 and 67.5 and 67.8 and 68-68.3.

European and American markets opened lower last week at 1.17363 and then the market first rose. The highest weekly price touched 1.18047 and then the market surged higher and fell back strongly. The lowest weekly price reached 1.17008 and then consolidated. The weekly price finally closed at 1.17072. The weekly line closes in an inverted hammer shape with a very long upper shadow line. After such a shape ends, the market will need to fall back this week. In terms of points, today it will first pull up to 1.17350 with a short stop loss of 1.17550. The lower target is 1.17000, 1.16800, and 1.16500 support to leave the market.

The U.S. crude oil market opened at 57.468 last week. After that, the market first rose to a position of 57.792, and then the market fluctuated strongly and fell back. The weekly minimum reached a position of 54.962, and then rose in late trading. The weekly line finally closed at 56.63. After reaching the position of 1, the weekly line closed in the shape of a hammer with a long lower shadow. After the end of this form, the market retreated to the long side this week. At the point, the stop loss is 55.75, which is more than 56 today. The target is 56.5, 56.8 and 57-57.2.

After the Nasdaq opened at 25209.75 last week, the market first rose to reach a weekly high of 25398, and then fell back strongly, reaching a weekly low of 24644. After the position of 94, the market rose strongly due to the influence of the weekly Bollinger Middle Track and fundamentals. After the weekly line finally closed at the position of 25348.64, the weekly line closed in the form of a hammer with a very long lower shadow. This After the end of this pattern, the market returned to the long side this week. In terms of points, today's stop loss is 25130 over 25200, with targets at 25350, 25400, 25450, and 25500-25600.
Fundamentals: A series of delayed U.S. economic data were released last week. Based on this, the market re-evaluated the outlook for the Federal Reserve's policy. The overall expectation for an interest rate cut in January next year has slightly increased than before. In terms of employment, non-agricultural growth in November exceeded market expectations, but the unemployment rate rose to 4.6%, the highest level since September 2021. At the same time, the monthly decline in non-farm payrolls in OctoberIt hit a new high in the past five years, indicating that the labor market has cooled down significantly despite being stable on the surface. In terms of inflation, CPI data in November were overall lower than expected. The overall CPI was 2.7% year-on-year, and the core CPI was 2.6% year-on-year, both falling to their lowest levels since March 2021. After the release of the inflation data, the market further increased pricing for a rate cut by the Federal Reserve. Federal funds rate futures show that the probability of the Fed cutting interest rates in January next year has increased from 26.6% to 28.8%. At the same time, the market expects that the policy stance will continue to relax by the end of 2026, and the expected rate cut for the whole of 2026 is about 62 basis points. However, economists warned that the CPI data was "extremely watery". Due to the government shutdown, Bureau of Labor Statistics data collection is limited, and some data are estimated using a "carry-forward and fill-in" method, resulting in distortion of data in key inflation categories such as housing. Economists believe inflation is still cooling, but the actual cooling may not be as dramatic as the data suggests. On Friday, the Bank of Japan announced that it would raise its benchmark interest rate from 0.5% to 0.75%. This is the first time the Bank of Japan has raised interest rates in 11 months since January 2025, with interest rates hitting a 30-year high. Bank of Japan Governor Kazuo Ueda said that he will decide whether to raise interest rates after assessing the impact of raising interest rates to 0.75% on the economy and prices. There is still a certain distance from the lower limit of the neutral interest rate range. If rising wages continue to be transmitted to prices, further interest rate increases are indeed possible. Therefore, although the Bank of Japan raised interest rates, the Japanese yen was sold off and fell sharply. This week's fundamentals in the West are entering the Christmas holiday. The main focus is on the final annual GDP value of the UK's third quarter and the UK's third quarter current account at 15:00 on Monday. On Tuesday, focus on the initial value of the annualized quarterly rate of real GDP in the third quarter of the United States at 21:30, the initial quarterly rate of real personal consumption expenditures in the third quarter of the United States, the initial annualized quarterly rate of the core PCE price index in the third quarter of the United States, and the monthly rate of durable goods orders in the United States in October. Then look at the U.S. November industrial output monthly rate at 22:15, and later look at the U.S. Conference Board Consumer Confidence Index in December and the U.S. Richmond Fed Manufacturing Index in December at 23:00. On Wednesday, focus on the number of initial jobless claims in the United States at 21:30 for the week to December 20 and the EIA crude oil inventory for the week until December 19 at 23:30, the EIA Oklahoma Cushing crude oil inventory for the week until December 19, and the EIA Strategic Petroleum Reserve inventory for the week until December 19. Markets are closed on Thursday and Friday for the Christmas holiday.
In terms of operation, gold: The longs of 3325 and 3322 below and the longs of 3368-3370 and the longs of 3377 and 3385 and the longs of 3563 will be followed up with a stop loss at 4000 after reducing the position. The longs of 4176 and 4174 and the longs of 4187 and 418 in the previous week The long position of 4 and the stop loss of 4208 and 4205 follow up at 4220. The stop loss of the long position of 4310 last week was placed at 4310. Today's market is more than 4320 and the stop loss is 4314. The target is 4340 and 4352 and 4360-4374 and 4381 pressure www.xmtraders.competition.
Silver: The longs of 37.8 and 38.8 below are held at 56, the longs of 50.75 and the longs of 52.7 are reduced and the stop loss is followed at 61. Today’s market is 66.3 long and the stop loss is 66. The targets are 66.8, 67.2 and 67. 5 and 67.8 and 68-68.3.
Europe and the United States: Today, we will first pull up and give 1.17350 with a short stop loss of 1.17550. The lower target is 1.17000, 1.16800 and 1.16500 support, and we are ready to leave.
U.S. crude oil: Stop loss at 55.75 for more than 56 today, target 56.5, 56.8 and 57-57.2.
Nasdaq: Stop loss 25130 for more than 25,200 today, target 25350, 25400 and 2545 0 and 25500-25600.
The above content is all about "[XM Foreign Exchange Market www.xmtraders.commentary]: The weekly curve bows to welcome Christmas, gold and silver are still abundant this week". It is 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!
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